Bank Rate is the rate:

CA Foundation · Business Economics · MTP · September 2025
Bank Rate is the rate:
(A) A. At which RBI lends to the commercial banks
(B) B. At which RBI rediscounts the bills of the commercial banks
(C) C. Both (a) and (b)
(D) D. Neither (a) nor (b)

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Both (a) and (b)

Topics: Money Market

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