alleryThe Bank Rate is published under which section of the RBI Act?
ASection 24
BSection 49
CSection 45
DSection 42
Answer & Solution
Correct answer: B. Section 49
1. Several sections of the Act deal with rates and reserves.
2. The Bank Rate has its own.
3. It is Section 49.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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