Bank rate means
A. Rate at which commercial banks lend money
B. Rate at which RBI lends to commercial bank
C. Rate of interest paid by banks to its depositors
D. None of the above
Answer: Rate at which RBI lends to commercial bank
More Financial Law MCQs and Answers
29. Bank rate means
34. Which one of the following Banks in India had started the special promotional and developmental activities to meet the twin objectives of balanced regional development and accelerated industrial growth in the country?
35. Which one of the following development Financial Institutions in India has started the special refinance scheme for the resettlement and rehabilitation of Voluntary Retired workers of the National Textile Corporation (NIC)?