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Fill in the Blank with Appropriate Alternatives Given Below Bank Rate is Also Called as __________ Rate. - Economics

MCQ
Fill in the Blanks

Fill in the blank with appropriate alternatives given below

Bank Rate is also called as __________ rate.

Options

  • rediscount

  • market

  • general

  • exchange

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Solution

Bank Rate is also called as rediscount rate.  

Explanation: Bank Rate refers to the rate at which the Central Bank lends money to the commercial bank or the rate at which the Central Bank discounts the bills of the commercial banks. This rate is also called the rediscount rate.

Concept: Repo Rate and Reverse Repo Rate
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 13 Central Banking
Exercise | Q 1.3 | Page 121
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