

McqMate
Q. |
Bank rate implies the rate of interest- |
A. | Charges by banks on loans and advances |
B. | Paid by the RBI on the deposits if commercial banks |
C. | Payable on bonds |
D. | At which the RBI discounts the Bill of Exchange |
E. | None of these |
Answer» D. At which the RBI discounts the Bill of Exchange |
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