9th Class General Knowledge Sample Paper General Knowledge Olympiad Model Test Paper-15

  • question_answer
    Which among the following statements are incorrect?

    A)  Repo Rate is the rate at which the RBI lends to its clients generally against government securities.

    B)  Bank Rate is the rate charged by the central bank for lending funds to commercial banks.

    C)  Reverse Repo Rate is the rate at which banks lend funds to the RBI.

    D)  Cash Reserve Ratio (CRR) is the amount that banks have to maintain a stipulated proportion of their Net Demand and Time Liabilities (NDTL) in form of liquid assets.

    E)  None of these     

    Correct Answer: D


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