Start learning →

The rate at which the RBI gives loans to commercial banks is called the:

ARepo Rate
BCall Rate
CBase Rate
DBank Rate
Answer & Solution
Correct answer: D. Bank Rate
1. Raising it makes bank borrowing costlier. 2. This is the Bank Rate. 3. A higher bank rate cuts money supply. _Source: syllabus Introductory Macroeconomics, Chapter 3, Money and Banking._
Practise this question with Quill — UPSC CSE →

Keep practising Indian Economy

Browse all Indian Economy questions for UPSC CSE, or explore more Economics topics.

Start a Indian Economy lesson →
Related questions