Economics · Banking and Monetary Policy
What is the correct definition of the 'Repo Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The statutory rate used for valuing foreign exchange adjustments
- 2The transaction rate for gold exchange-traded funds
- 3The interest rate paid by commercial banks on long-term fixed deposits
- 4The rate at which the Reserve Bank of India lends money to commercial banks against government securities to meet short-term requirements✓
Correct answer
The rate at which the Reserve Bank of India lends money to commercial banks against government securities to meet short-term requirements
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking and Monetary Policy MCQs →Want more practice questions on Banking and Monetary Policy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking and Monetary Policy