Bank rate implies the rate of interest (a) paid by the reserve bank of india on the deposits of commercial banks (b) charged by banks on loans and advances (c) payable on bonds (d) at which the reserve bank of india discounts the bills of exchange
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a) paid by the reserve bank
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a) paid by the reserve bank
Explanation:
Bank rate implies the rate of interest (a) paid by the reserve bank of india on the deposits of commercial banks (b) charged by banks on loans and advances (c) payable on bonds (d) at which the reserve bank of india discounts the bills of exchange
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