Question

What is the rate at which RBI borrows funds for very short term from the

commercial banks is called?

(a) Repo rate
(b) Bank rate

(c) Reverse repo rate (d)Openmarket rate​

Answer 1

Explanation:

Reverse repo rate..... ...... ......

Answer 2

Answer:

Option C - Reverse repo rate is the correct answer ✔✔

Explanation:

#Hope you have satisfied with this answer.