SSC CHSL 11 Aug 2021 Shift 2 Paper

Section: General Awareness

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Question : 95 of 100

Marks: +1, -0

Which of the following is the correct definition of Bank Rate?

It is the rate of interest payable by commercial banks to RBI.
It is the rate of interest payable by a scheduled bank at which RBI lends overnight.
It is the rate of interest payable by a consumer to commercial banks.
It is the rate of interest payable by RBI to commercial banks.

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