A) Repo Rate is the rate at which the RBI lends to its clients generally against government securities.
B) Bank Rate is the rate charged by the central bank for lending funds to commercial banks.
C) Reverse Repo Rate is the rate at which banks lend funds to the RBI.
D) Cash Reserve Ratio (CRR) is the amount that banks have to maintain a stipulated proportion of their Net Demand and Time Liabilities (NDTL) in form of liquid assets.
E) None of these
Correct Answer: D
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