Question

The rate of interest at which Reserve Bank of India lends short term funds to the Commercial Banks is known as -; 1) Repo Rate; 2) Reverse Repo Rate; 3) Prime Lending Rate (PLR); 4) None of the above

Answer 1

Heya mate
The answer of ur question is



♢ The rate of interest at which Reserve Bank of India lends short term funds to the Commercial bank is known as Prime lending rate ( PLR )



hope it helps