UPSC Principle and Vice Principle GK/GS Banking, Finance, and Fiscal Policy Part - 1

Which option correctly matches Repo rate is the rate at which with its description?

Type: MCQ • Marks: 1

A. Banks buy shares

B. RBI lends short-term funds to banks against eligible securities

C. Government taxes banks

D. Banks lend to customers

Explanation

Repo is a key policy rate for RBI's short-term lending to banks.

UPSC Principal & Vice Principal GK/GS

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