[Solved] Bank rate is defined as

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Q.	Bank rate is defined as
A.	Rate of interest charged by commercial banks from borrowers
B.	Rate of interest allowed by commercial banks on demand deposits.
C.	Rate of interest allowed by commercial banks on time deposits.
D.	Rate which RBI purchases or rediscount bills of exchange of commercial banks.
Answer» D. Rate which RBI purchases or rediscount bills of exchange of commercial banks.

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