UPSC Civil Services Prelims 2013
Question 7 of 64Indian Economy
Which one of the following best describes the term ‘repo rate’?
AThe rate at which commercial banks lend to customers
BThe rate at which RBI lends short-term funds to banks against government securities
CThe long-term bond yield of the Government of India
DThe interest rate paid by banks on fixed deposits
Correct Answer
The correct answer is hidden
Explanation
24 words hidden ... under a repurchase arrangement. It is one of the main policy rates used to influence liquidity and credit conditions in ... 24 words hidden