The rate at which Reserve Bank of India gives loans to the commercial Bank for longer duration;

Bank Rate.

The correct answer is Option (3) → Bank Rate.

The Bank Rate is the rate at which the Reserve Bank of India (RBI) provides long-term loans to commercial banks without any repurchase agreement.

Other options explained:

• Repo Rate: Short-term lending by RBI to commercial banks with a repurchase agreement.

• Reverse Repo Rate: Rate at which RBI borrows money from commercial banks.

• Saving Rate: The interest rate paid on savings accounts, set by individual banks.