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On which rate does the Reserve Bank of I...

On which rate does the Reserve Bank of India provide loSol to the commercial banks ?

A

Repo Rate

B

Reverse Repo Rate

C

Penalty Rate

D

Bank Rate

Text Solution

Verified by Experts

The correct Answer is:
D
A bank rate is the interest rate at which a nation.s central bank lends money to domestic banks, often in the form of very short-term loSol. Managing the bank rate is a method by which central banks affect economic activity.
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