The bank rate is the interest rate that

Asked in WBCS Main Paper 5 2023 · Topic: Money & Banking (Monetary Policy: Objectives, Instruments (quantitative and qualitative), and Transmission Mechanism)

1. the Reserve Bank charges the non-bank finan‐ cial intermediaries for lending them money.
2. the commercial banks charge the business houses for giving them loans.
3. the Reserve Bank charges the commercial banks for lending them money.
4. the Foreign Exchange Banks charge the users of foreign exchange.

More Economic Development questions

• In order to increase money supply, which of the following does the Reserve Bank pursue?
• Which of the following monetary policy of the Reserve Bank of India does not aim at?
• Which of the following is not a quantitative credit control tool of RBI?
• Which one of the following rates is not determined by the Reserve Bank of India?
• Variation in margin requirements —
• In case RBI wants to make it more expensive for the banks to borrow money it ________
• Money policy increases the inflation rate is known as
• RBI uses reverse repo to absorb liquidity. The statement is

All 3,293 Economic Development questions →