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?

An agreement, which in fact is a contract, between the RBI and Banks

1.	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?
A.	Repo rate
B.	Bank rate
C.	Reverse repo rate
D.	None of these
Answer» B. Bank rate