Multiple Choice Questions on The rate at which scheduled banks could borrow funds overnight from RBI against approved govt securi........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

The rate at which scheduled banks could borrow funds overnight from RBI against approved govt securi...........

Economic Affairs Money Supply and Monetary Policy
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    The rate at which scheduled banks could borrow funds overnight from RBI against approved govt. securities, is known as

    Repo rate

    Incorrect Answer

    Reverse repo rate

    Incorrect Answer

    Marginal standing facility rate (MSF)

    Correct Answer

    Bank rate

    Incorrect Answer
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    Explanation:

    Third option is correct.
    The rate at which scheduled banks could borrow funds overnight from RBI against approved govt. securities, is known as Marginal standing facility rate (MSF).

    By: Cammy Garg
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