Which of the following definitions correctly defines the repo rate? – McqOptions

MCQOPTIONS

1.	Which of the following definitions correctly defines the repo rate?
A.	The prime interest rate at which RBI lends to banks
B.	Key interest rate at which banks keep their surplus money with RBI
C.	Prime interest rate of banks on loans given to consumers
D.	None of these
Answer» B. Key interest rate at which banks keep their surplus money with RBI

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