12th Class Economics Money And Banking Question Bank MCQs - Money and Banking

  • question_answer
    Which of the following is the short-term borrowing rate of commercial bank?

    A) Bank rate

    B) Repo rate

    C) Reverse rate

    D) Both [a] and [b]

    Correct Answer: B

    Solution :

    Repo rate is the rate at which commercial bank can from central bank for a period of 1-14 days.


You need to login to perform this action.
You will be redirected in 3 sec spinner