MCQOPTIONS
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MCQOPTIONS
| 1. |
Which of the following definition correctly defines the Repo Rate? |
| A. | The key interest rate at which the RBI lends to the banks |
| B. | The key rate interest rate at which banks keep their surplus money with RBI |
| C. | The key rate interest of banks charge on the loans given to consumers |
| D. | None of them |
| Answer» B. The key rate interest rate at which banks keep their surplus money with RBI | |