Economics · Monetary Policy
What is meant by the 'Bank Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The official interest rate at which the Reserve Bank of India rediscounts bills or lends long-term to commercial banks✓
- 2The rate at which commercial banks lend to each other for short periods
- 3The interest rate charged by commercial banks from corporate borrowers
- 4The interest rate paid by commercial banks to depositors
Correct answer
The official interest rate at which the Reserve Bank of India rediscounts bills or lends long-term to commercial banks
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