Which of the following organization decides Repo Rate?
A. SEBI
B. IMF
C. AMFI
D. RBI
Answer: Option D
Solution(By Examveda Team)
RBI decides Repo Rate. Repo rate is the rate at which RBI lends to its clients generally against government securities. Reduction in repo rate helps the commercial banks to get money at a cheaper rate and increase in repo rate discourages the commercial banks to get money as the rate increases and becomes expensive.Related Questions on Insurance
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