Question

Change in bank rate is made by
(A) Central Bank
(B) Government
(C) Commercial Banks
(D) Prime Minister​

Answer 1

Answer:

option A central bank.

is the correct option

Explanation:

RBI is the apex bank. Reserve Bank of India is the central bank of India. Hence, the bank rate is determined by RBI. Bank rate is the rate of interest which is charged by the central bank on its advances given to commercial banks.