question_answer

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