Economics · Indian Economy

What is the 'Bank Rate'?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The rate at which the central bank rediscounts first-class bills of member banks✓
2The rate at which the central bank lends to the government
3The rate at which commercial banks lend to customers
4The rate at which banks accept deposits

Correct answer

The rate at which the central bank rediscounts first-class bills of member banks

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