Practicing Success
The rate, at which RBI lends short-term money to the banks against securities, is called : |
Repo Rate Reverse Repo Rate Bank Rate Cash Reserve Ratio |
Repo Rate |
The correct answer is Option (1) - Repo Rate Repo Rate (RR) is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks or financial institutions in India against government securities.
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