Economics · Money and Banking
Bank Rate refers to the interest rate at which:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Commercial banks lend money to the general public
- 2The Government of India borrows from the Reserve Bank of India
- 3The Reserve Bank of India lends long-term funds to commercial banks✓
- 4Commercial banks lend short-term funds to each other
Correct answer
The Reserve Bank of India lends long-term funds to commercial banks
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