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Question

Select the correct statement/s about REPO rates:

1) Rate at which RBI lends commercial banks for securities

2) Banks ensure repurchase of securities

A
1 only
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B
2 only
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C
Both 1 and 2
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D
Neither 1 and 2
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Solution

The correct option is C Both 1 and 2
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Repo rate is the rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds, for securities and a repurchase promise at a future date.

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