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For bank rate to be effective, which of the following conditions are to be fulfilled?a)Banks should be ready to avail rediscounting facility from RBIb)Banks should have adequate quantity of credit instruments that can be rediscountedc)Banks do not have surplus cash and depend on RBI for extraordinary needsd)All the aboveCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about For bank rate to be effective, which of the following conditions are to be fulfilled?a)Banks should be ready to avail rediscounting facility from RBIb)Banks should have adequate quantity of credit instruments that can be rediscountedc)Banks do not have surplus cash and depend on RBI for extraordinary needsd)All the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for For bank rate to be effective, which of the following conditions are to be fulfilled?a)Banks should be ready to avail rediscounting facility from RBIb)Banks should have adequate quantity of credit instruments that can be rediscountedc)Banks do not have surplus cash and depend on RBI for extraordinary needsd)All the aboveCorrect answer is option 'D'. Can you explain this answer?.

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