Economics · Monetary Policy
What is meant by the 'Bank Rate' in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate of interest on savings accounts
- 2The rate at which commercial banks lend to the general public
- 3The rate at which the RBI lends money to commercial banks✓
- 4The rate at which the RBI borrows from commercial banks
Correct answer
The rate at which the RBI lends money to commercial banks
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