What do we call the rate at which the Reserve Bank of India lends money to commercial banks?a.Repo Rateb.Reverse Repo Ratec.CRRd.SLR
Question
Solution 1
The rate at which the Reserve Bank of India (RBI) lends money to commercial banks is known as the Repo Rate.
Here's a brief explanation of the options:
- Repo Rate: This is the rate at which the RBI lends money to commercial banks, usually against government securities. It is a crucial t Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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