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Banking General Awareness Reserve Bank of India Question Bank Practice Questions - Reserve Bank of India - Structure and Functions

  • 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 advied 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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