[Solved] Bank rate means

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Q.	Bank rate means
A.	The rate of interest charged by the bank on advances
B.	The rate of interest paid by banks on the deposits
C.	The standard rate at which the RBI is prepared to buy or to rediscount eligible bills of exchange or other commercial papers of commercial banks
D.	None of the above
E.	All of the above
Answer» C. The standard rate at which the RBI is prepared to buy or to rediscount eligible bills of exchange or other commercial papers of commercial banks

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