An agreement, which in fact is a contract, between the RBI and banks for the sale and repurchase of government 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 f

1.	An agreement, which in fact is a contract, between the RBI and banks for the sale and repurchase of government 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.	prime lending rate
E.	None of these
Answer» D. prime lending rate

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An agreement, which in fact is a contract, between the RBI and banks for the sale and repurchase of government securities and short-term treasury bills at a future date and for which the RBI indicates 'the interest rate'/ is generally known as

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