Discussion :: IBPS BANK EXAM TEST 3
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Which of the following represents correct meaning of 'REPO RATE' ?
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A.
Rate on which RBI sells Government Securities to Banks |
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B.
Rate for borrowing rupees by banks from RBI |
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C.
Rate offered by banks to their prime customers |
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D.
Rate applicable for grant of priority sector loans |
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E.
None of these |
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Answer : Option B
Explanation :
NA
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