Join our Telegram Channel

Banking System and Capital Market Questions and Answers for Competitive Exams

Question

Bank rate is the rate of interest:

A At which public borrows money from Commercial Banks
B At which public borrows money from R.B.I.
C At which Commercial Banks borrows money from R.B.I.
D At which Commercial Banks borrows money from the public

Answer & Explanation

Answer: Option [C]

Advertisement

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Advertisement

Read More Economics Solved Questions

GkSeries apsc prelims 2023 test series

Today's Top Current Affairs

Current Affairs MCQs

State-wise Current Affairs

General Knowledge

Month-wise Current Affairs 2022

Category-wise Current Affairs

Jobs by Qualification

Free Mock Test