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Q.

What is Repo Rate?

[A] It is a rate at which RBI sell government securities to banks
[B] It is a rate at which RBI buys government securities from banks
[C] It is a rate which is offered by Banks to their most valued customers or prime customer
[D] It is a rate which RBI allows small loan in a market
[E] None of the above

Answer & Explanation

Answer: Option [B]

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