UTpaper

Free mock tests & test series

Question 23Asked in DSSSB TGT Computer Science, 25 Jun 2023, Shift 1 (8:30 AM)

Which of the following terms is used for the rate at which commercial banks borrow money

Which of the following terms is used for the rate at which commercial banks borrow money by selling their securities to the Reserve Bank of India?
  1. ARepo rate
  2. BReverse bank rate
  3. CBank rate
  4. DReverse repo rate
Show answerHide answer

Correct answer: (A) Repo rate

Explanation

Repo rate is the rate at which commercial banks borrow from the RBI by selling securities with an agreement to repurchase them. Reverse repo is the rate at which the RBI borrows from banks.

From DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 1 (8:30 AM)

This is question 23 of DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 1 (8:30 AM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.