question_answer

Bank rate means

A)  the rate of interest charged by commercial banks on advances

B)  the rate at which commercial banks discount bills of exchange for their clients

C)  the rate of interest allowed by banks on the deposits

D)  the standard rate at which the Reserve Bank of India is prepared to buy or rediscount bills of exchange other commercial paper are eligible for purchase under the Reserve Bank of India Act,1934.

E)  None of the above