Economics · Monetary Policy
Reverse Repo Rate is defined as:
- 1The fee charged by banks for foreign currency exchange services.
- 2The interest rate provided by commercial banks to their depositors.
- 3The rate at which the RBI borrows or absorbs short-term funds from commercial banks.✓
- 4The interest rate at which the RBI lends money to commercial banks.
Correct answer
The rate at which the RBI borrows or absorbs short-term funds from commercial banks.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Monetary Policy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Monetary Policy