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    Question

    What is repo

    rate?
    A It is the rate at which RBI lends money to the commercial banks. Correct Answer Incorrect Answer
    B It is the rate at which RBI borrows money from commercial banks. Correct Answer Incorrect Answer
    C It is the rate at which commercial banks lend money to the customers Correct Answer Incorrect Answer
    D It is the rate at which commercial bank lends money to the microfinance institutions. Correct Answer Incorrect Answer

    Solution

    Repo rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks.

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