Economics · Economics
What is meant by Bank Rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None of these.
- 2The rate at which commercial banks lend to the general public.
- 3The rate at which the Reserve Bank of India lends to commercial banks.✓
- 4The rate at which the Reserve Bank of India borrows from other banks.
Correct answer
The rate at which the Reserve Bank of India lends to commercial banks.
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