Telangana PSC Group 4 General Knowledge 2018 Paper
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Question : 83 of 150
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Examine the following statements:
A. Repo rate is the rate at which the Reserve Bank of India borrows money from commercial banks within India.
B. Reverse repo rate is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds.
C. The RBI increased the repo-rate and reverse repo rate by 25 basis points to 6.5% and 6.25%, respectively on August 1, 2018
Choose the correct answer:
A. Repo rate is the rate at which the Reserve Bank of India borrows money from commercial banks within India.
B. Reverse repo rate is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds.
C. The RBI increased the repo-rate and reverse repo rate by 25 basis points to 6.5% and 6.25%, respectively on August 1, 2018
Choose the correct answer:
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