CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Central Bank

What is the d...

Question

What is the difference between bank rate and repo rate?

Open in App

Solution

Bank rate is a rate at which central bank gives loans to commercial bank for a long period of time while repo rate is the rate at which central bank gives loans to commercial banks for a short period of time.

Suggest Corrections

thumbs-up

13

Similar questions

Differentiate between Bank Rate and Repo Rate.

Q. Answer in detail.
Explain in details Repo Rate and Reverse Repo Rate of Central Bank.

Q. Reverse Repo Rate is the rate at which Central Bank ___________________.

Q. What is mean by repo-rate and reverse repo-rate?

Q. Which of the following is/are key policy rates used by RBI to influence interest rates?
A. Bank Rate and Repo Rate
B. Reverse Repo Rate
C. CRR and SLR

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Central Bank

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon