Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Repo rate or repurchase rate is referred to as the rate at which the central bank (RBI) lends money to the commercial banks for meeting short-term fund requirements in order to maintain liquidity

• A. True
• B. False

Answer 1

The correct option is A True

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Repo is the rate of interest on the short term loans given by RBI to Banks