UPSC Civil Services Prelims 2013
Question 8 of 64Indian Economy
Which one of the following best describes the term ‘reverse repo rate’?
AThe rate at which RBI borrows short-term funds from banks
BThe rate at which banks borrow from customers
CThe rate of interest on savings accounts
DThe minimum lending rate for agriculture
Correct Answer
The correct answer is hidden
Explanation
17 words hidden ... absorbing liquidity against securities. It serves as part of the liquidity adjustment framework and helps manage ... 14 words hidden