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Banking System and Capital Market Questions and Answers for Competitive Exams

Q.

Bank rate is the rate of interest:

[A] At which public borrows money from Commercial Banks
[B] At which public borrows money from R.B.I.
[C] At which Commercial Banks borrows money from R.B.I.
[D] At which Commercial Banks borrows money from the public

Answer & Explanation

Answer: Option [C]

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