Discussion :: Banking Awareness
- RBI on October, 7th 2013, has reduced Marginal Standing Facility (MSF) rate from 9.5% to 9% to improve liquidity in the system. What is MSF?
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A.
MSF rate is the rate at which banks lodge funds overnight with RBI buying approved government securities. |
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B.
MSF rate is the rate at which banks borrow funds overnight from other banks against approved government securities. |
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C.
MSF rate is the rate at which banks borrow funds overnight from RBI against approved government securities. |
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D.
MSF rate is the minimum rate at which banks lend to the borrowers. |
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Answer : Option C
Explanation :
Explanation Not Provided
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