Economics · Monetary Policy
The Bank Rate in India is defined as the rate at which:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Commercial banks lend money to other commercial banks
- 2The Reserve Bank of India provides long-term funds/rediscounts bills for commercial banks✓
- 3The Reserve Bank of India lends money directly to the general public
- 4A commercial bank lends money to the general public
Correct answer
The Reserve Bank of India provides long-term funds/rediscounts bills for commercial banks
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