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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          Bank rate refers to:

    A) the rate at which banks lend to its prime borrowers

    B) the maximum rate that banks can pay for deposit

    C) the rate at which banks rediscount bills with RBI

    D) the rate of interest charged on inter-bank transactions

    Correct Answer: C

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