alleryThe Bank Rate is published under which Act?
AReserve Bank of Issue Act
BReserve Banking Institute Act
CReserve Banking Industry Act
DReserve Bank of India Act
Answer & Solution
Correct answer: D. Reserve Bank of India Act
1. The rate is published by the Reserve Bank.
2. The power comes from Section 49 of a statute.
3. That statute is the Reserve Bank of India Act, 1934.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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