Economics · Monetary Policy
The Bank Rate is defined as the interest rate at which:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1the Reserve Bank of India charges non-banking financial intermediaries for lending them money.
- 2commercial banks charge business houses for giving them loans.
- 3the Reserve Bank of India rediscounts bills or lends money to commercial banks.✓
- 4Foreign Exchange Banks charge the users of foreign exchange.
Correct answer
the Reserve Bank of India rediscounts bills or lends money to 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!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Monetary Policy MCQs →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