Economics · Monetary Policy
What is meant by 'Bank Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which the Reserve Bank of India borrows money from commercial banks.
- 2The official interest rate at which the Reserve Bank of India provides long-term loans to commercial banks.✓
- 3The rate at which commercial banks lend money to the general public.
- 4The rate at which the government borrows from public sector banks.
Correct answer
The official interest rate at which the Reserve Bank of India provides long-term loans to commercial banks.
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