Economics · Banking and Finance
Which of the following best describes the 'Bank Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It is the standard rate at which the RBI is prepared to buy or re-discount bills of exchange or other commercial papers.✓
- 2It is the portion of deposits that commercial banks are required to maintain with the RBI.
- 3It is the rate of interest given by commercial banks against the deposits received.
- 4It is the rate of interest charged by commercial banks against their loans.
Correct answer
It is the standard rate at which the RBI is prepared to buy or re-discount bills of exchange or other commercial papers.
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 Finance MCQs →Want more practice questions on Banking and Finance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking and Finance