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Today General Knowledge(GK)
What is Repo rate ?
A)
It is the rate on which Reserve Bank of India lends money to State Government
B)
It is the rate on which Reserve Bank of India lends money to its clients
C)
It is the rate of which Commercial Banks lend money to Regional Rural Banks
D)
None of the above

Correct Answer : Option (B) - It is the rate on which Reserve Bank of India lends money to its clients


Published On : May 22, 2021
Category : Business and Economics
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