Question
Repo-Rate is the rate at which RBI lends money to commercial Banks for
(
This question was previously asked in
Shift 28/05/2023 3:30 PM - 6:30 PM
A
Long period
B
Short period
C
Very long period
D
Market period
Correct Answer
Short period
Detailed Explanation
1.Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds.
2.Repo rate is used by monetary authorities to control inflation. It is a rate on short-term, collateral-backed borrowing.
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