SSC CHSL 10 mar 2023 Shift 3 Paper

Section: General Awareness

Question : 40 of 100

Marks: +1, -0

Which among the following is correct about Reverse Repo Rate?

Reverse Repo Rate is a state in which the Value of Money is Falling and the Prices are rising, over a period of time.
When bank deposit it's excess money in RBI then RBI provides some interest to that bank. This interest is known as Reverse Repo Rate.
When RBI provides a loan to the bank for short-term between 1 to 90 days, RBI takes some interest from the bank which is termed as Reverse Repo Rate.
When the money is borrowed or lent for more than a day up to 14 days it is called Reverse Repo Rate.

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