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Banking System and Capital Market Questions and Answers for Competitive Exams

Q.

Bank-rate is the rate at which

[A] A commercial bank borrows loans from some other commercial bank
[B] The central bank borrows loans from the Government
[C] The commercial bank gives loans to the public
[D] The central bank re-discounts the commercial bills brought to it by the commercial banks

Answer & Explanation

Answer: Option [D]

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