[Solved] Bank rate is the rate of interest:

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Q.	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 borrow money from R.B.I.
D.	At which Commercial Banks borrow money from the public
Answer» C. At which Commercial Banks borrow money from R.B.I.
Explanation: Bank Rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration. Managing the bank rate is a preferred method by which central banks can regulate the level of economic activity. Regulation of the economy through management of the money supply is referred to as monetary policy.

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