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Q. |
Bank rate is the rate of interest - |
A. | at which public borrows money from Commercial Bank |
B. | at which public borrows money from RBI |
C. | at which Commercial Banks borrow money from RBI |
D. | at which Commercial Banks borrow money from public |
Answer» C. at which Commercial Banks borrow money from RBI | |
Explanation: Bank Rate is the interest rate at which a nation’s central bank lends money to domestic banks. Managing the bank rate is a preferred method by which central banks can regulate the level of economic activity. |
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