Which of the following statements is incorrect about Repo and Reverse Repo? 1. At present, the repo rate is 11.75 % 2. At present, the reverse repo rate is 5.75 % 3. Repo rate is the rate at which RBI lends to commercial banks 4. Reverse Repo is the rate at which RBI borrows from commercial banks

Which of the following statements is incorrect about Repo and Reverse

1.	Which of the following statements is incorrect about Repo and Reverse Repo? 1. At present, the repo rate is 11.75 % 2. At present, the reverse repo rate is 5.75 % 3. Repo rate is the rate at which RBI lends to commercial banks 4. Reverse Repo is the rate at which RBI borrows from commercial banks
A.	1 only
B.	1 and 2
C.	1, 3 and 4
D.	None of the above
Answer» B. 1 and 2

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Which of the following statements is incorrect about Repo and Reverse Repo? 1. At present, the repo rate is 11.75 % 2. At present, the reverse repo rate is 5.75 % 3. Repo rate is the rate at which RBI lends to commercial banks 4. Reverse Repo is the rate at which RBI borrows from commercial banks

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