A) Reverse Repo Rate
B) Base Rate
C) Saving Deposit Rate
D) Bank Rate
E) Repo Rate
Correct Answer: A
Solution :
Reverse repo rate is the rate at which the (Reserve Bank of India borrows money from commercial banks within the country. An increase in the reverse repo rate will decrease the money supply and vice-versa. It is a monetary policy instrument which can be used to control the money supply in the country.
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