Q. What is a Repo Rate? (Solved)
1. It is a rate at which RBI sell government securities to banks
2. It is a rate at which banks borrow rupees from RBI
3. It is a rate at which RBI allows small loans in the market
4. It is a rate which is offered by Banks to their most valued customers or prime customers
5. None of these
- b. It is a rate at which banks borrow rupees from RBI