alleryWhat interest does RBI pay banks on their CRR balances?
ARepo rate
BNil
CReverse repo rate
DBank rate
Answer & Solution
Correct answer: B. Nil
1. The question asks: What interest does RBI pay banks on their CRR balances.
2. Correct answer: Nil.
3. No interest is paid on CRR balances kept with the RBI.
_Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Policy Rates_
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