Question
Repo rate is the interest rate at which:
The correct answer is
The commercial banks borrow from the RBI
The repo rate is the rate at which the RBI lends to commercial banks under repurchase agreements against eligible securities. “Repo” means repurchase agreement, not “Repurchase Option”.
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Important Questions from Economy
- At the time of independence, which sector contributed the largest share to India's national income?
- Which of the following is an example of soft infrastructure?
- Which of the following statements regarding the estimation of India's national and per capita income during the colonial rule is correct?
What was one of the major characteristics of India's economy at the time of independence in 1947?
- The Fiscal Responsibility and Budget Management (FRBM) Act set limits on the fiscal deficit and public debt. What was the fiscal deficit target under the original FRBM Act by 2008-09?
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