Economics · Banking and Monetary Policy
What does 'Savings Bank Rate' represent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The rate of interest paid by banks on the deposits maintained in savings accounts✓
- 2The interest rate charged by banks on retail housing loans
- 3The sovereign premium paid on sovereign gold bonds
- 4The exchange margin kept during foreign remittances
Correct answer
The rate of interest paid by banks on the deposits maintained in savings accounts
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 Banking and Monetary Policy MCQs →Want more practice questions on Banking and Monetary Policy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking and Monetary Policy