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Banking General Awareness Banking Regulation System of India Question Bank Banking Regulation System of India

  • question_answer
    The bank rate is

    A)  free to fluctuate according to the forces of demand and supply

    B)  set by the RBI

    C)  set by the RBI is directed by the Union Ministry of Finance

    D)  set by the RBI as advised by the Indian Banks Association

    E)  set by the Government of India on the recommendation of. the Planning Commission

    Correct Answer: B

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