The Reverse repo rate is:

CA Foundation · Business Economics · MTP · June 2024
The Reverse repo rate is:
(A) A. RBI borrows from the government.
(B) B. Commercial banks lends money to RBI
(C) C. Commercial banks rediscount the bills of exchange with RBI
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Commercial banks lends money to RBI

Topics: Money Market

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic