Q.

What is a Repo Rate?

A. It is a rate at which RBI sell government securities to banks
B. It is a rate at which banks borrow rupees from RBI
C. It is a rate at which RBI allows small loans in the market
D. It is a rate which is offered by Banks to their most valued customers or prime customers
E. None of these
Answer» B. It is a rate at which banks borrow rupees from RBI
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