Discussion :: IBPS BANK EXAM TEST 2
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What is Repo Rate?
A.
It is a rate at which RBI sells government securities to banks |
B.
It is a rate at which RBI allows small loans in the market |
C.
It is a rate at which banks borrow rupees from Reserve Bank of India |
D.
It is a rate which is offered by Banks to their most valued customers or prime customers |
E.
None of these |
Answer : Option C
Explanation :
N/A
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