Economics · Monetary Policy
Consider the following statements regarding monetary policy: 1) Repo rate is the rate at which RBI lends money to commercial banks. 2) Reverse repo rate is the rate at which RBI absorbs liquidity from banks. 3) A primary objective of monetary policy in India is maintaining price stability. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 21, 2 and 3✓
- 32 and 3 only
- 41 and 2 only
Correct answer
1, 2 and 3
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