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

  • question_answer
    An agreement, which in fact is a contract, between the RBI and Banks for the sale and repurchase of Govt securities and short-term treasury bills at a future date and for which the RBI indicates "the interest rate", is generally known as [RBI 2009]

    A)  Repo Rate

    B)  Bank Rate

    C)  Reverse Repo Rate

    D)  Prime Lending Rate

    E)  None of these

    Correct Answer: A

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