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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          Which of the following is the rate at which RBI lends to commercial banks?
    1. Corporate rate  
    2. Economy rate
    3. Bank rate     
    4. Growth rate

    A) 1 only              

    B)        1 and 2

    C) 3 only              

    D)        4 only

    Correct Answer: C

    Solution :

    Bank rate is an instrument of monetary policy which is the rate at which RBI lends to commercial banks


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