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 [RBI 2009]

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 Govt securities and short-term treasury bills at a future date and for which the RBI indicates "the interest rate", is generally known as [RBI 2009]
A.	Repo Rate
B.	Bank Rate
C.	Reverse Repo Rate
D.	Prime Lending Rate
E.	None of these
Answer» B. Bank Rate

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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 [RBI 2009]

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