Reverse repo rate is the rate at which

None of the above

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banks provide loans to another banks

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banks provide loans to RBI

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banks take loans from RBI

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Solution

The correct option is C
banks provide loans to RBI

Reverse repo rate is the rate at which banks provide loans to RBI.

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Similar questions

Statement: An advertisement by Bank X ‘Our interest rates for education loans are lower than any other bank’.

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I. Some other banks also provide education loans.

II. Interest rates charged on education loans are different for different banks.

To tackle problems, RBI has allowed the commercial banks to reduce the interest rates on loans. Identify the business environment.

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