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The rate at which the Reserve Bank of India lends short-term funds to commercial banks against government securities is called the

1631Medium DSSSB TGT Computer Science 0 replies 1 views
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The rate at which the Reserve Bank of India lends short-term funds to commercial banks against government securities is called the

  • ARepo rate
  • BBank rate
  • CCash reserve ratio
  • DReverse repo rate
Correct answer: A

Explanation

Repo (repurchase) rate is the rate charged by the RBI on loans against government securities; reverse repo is the rate it pays on money banks park with it.
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