Get Started
349

Q:

The rate at which the central bank of any country borrows money from the commercial banks within its own territories is called:

  • 1
    Primary Lending Rate
  • 2
    Reverse Repo Rate
  • 3
    Repo Rate
  • 4
    Secondary Lending Rate
  • Show Answer
  • Workspace

Answer : 2. "Reverse Repo Rate"
Explanation :

The reverse repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.

Previous Next
GK Economics GK Questions

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today