Question
Download Solution PDFAt which rate does the RBI extend loans to Commercial Banks?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe Correct Answer is Option 1 i.e Bank rate.
| Bank rate | The rate charged by the central bank for lending funds to commercial banks. |
| Repo rate | The rate at which the banks borrow short-term money from the RBI against securities or bonds. |
| Penal rate | It is the rate at which the borrower will be charged if he does not pay the loan EMI as per the repayment schedule of the loan. |
| Reverse Repo rate | The rate at which the central bank borrows money from the commercial banks in the country. |
Last updated on May 28, 2025
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