Economics · Monetary Policy
Bank Rate is the rate at which the Reserve Bank of India:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Purchases government securities in the open market
- 2Discounts or rediscounts bills of exchange of commercial banks✓
- 3Accepts short-term deposits from commercial banks
- 4Lends money to its retail and individual borrowers
Correct answer
Discounts or rediscounts bills of exchange of commercial banks
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