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What is Repo Rate?
It is a rate at which RBI sell Government securities to banks
It is a rate at which RBI allows small loans in the market
It is a rate at which RBI buys Government securities from banks
It is a rate which is offered by banks to their most valued customers or prime customers
None of these
Repo rate is the rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
By: santosh ProfileResourcesReport error
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