Economics · Indian Economy
What does 'Repo Rate' signify in the Indian monetary system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The rate at which the Reserve Bank of India lends short-term money to commercial banks against approved government securities✓
- 2The interest rate paid by commercial banks on long-term fixed deposits of corporate entities
- 3The penalty rate imposed on banks for failing to maintain their Cash Reserve Ratio (CRR)
- 4The conversion rate used for settling transactions in international currency markets
Correct answer
The rate at which the Reserve Bank of India lends short-term money to commercial banks against approved government securities
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 Indian Economy MCQs →Want more practice questions on Indian Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Indian Economy