alleryRepo rate is the rate at which RBI:
ALends to commercial banks
BBorrows from commercial banks
CLends to the public
DPays on CRR
Answer & Solution
Correct answer: A. Lends to commercial banks
1. The question asks: Repo rate is the rate at which RBI.
2. Correct answer: Lends to commercial banks.
3. Repo is RBI lending to banks against government securities.
_Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Repo_
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