CA CPT 2016 June Question Paper General Economics for online practice

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Question : 49 of 50

Marks: +1, -0

Which of the following statements about repo rate is not correct?

At this rate RBI borrows money from banks for short period
A reduction repo rate helps bank to get money at cheaper rate
An increase in repo rate makes borrowings from RBI expensive
At this rate banks borrow money from RBI

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