CA Foundation Exam > CA Foundation Questions > Bank Rate is also known as _______.a)Discount...
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Bank Rate is also known as _______.
- a)Discount Rate
- b)REPO Rate
- c)Reserve Repo Rate
- d)Lending Rate
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Bank Rate is also known as _______.a)Discount Rateb)REPO Ratec)Reserve...
Bank Rate is the rate at which Reserve Bank of India (RBI) lends money to commercial banks. It is also known as the Discount Rate.
Explanation:
Bank Rate and Discount Rate are the same thing. It is a rate at which RBI lends money to the commercial banks. The banks borrow money from RBI to meet their short-term liquidity requirements. The Bank Rate is an important tool used by RBI to control the economy.
Features of Bank Rate:
• Bank Rate is the rate at which RBI provides loans to commercial banks.
• The rate is generally higher than the Repo Rate.
• It is a tool used by RBI to control inflation.
• The Bank Rate is revised periodically by RBI.
• The commercial banks can borrow money from RBI against the collateral of government securities.
• The Bank Rate is also used to control the credit flow in the economy.
• The Bank Rate is an important tool used by RBI to regulate the economy.
Conclusion:
Bank Rate and Discount Rate are the same thing. It is an important tool used by RBI to control the economy. The rate is revised periodically by RBI. The commercial banks borrow money from RBI to meet their short-term liquidity requirements.
Explanation:
Bank Rate and Discount Rate are the same thing. It is a rate at which RBI lends money to the commercial banks. The banks borrow money from RBI to meet their short-term liquidity requirements. The Bank Rate is an important tool used by RBI to control the economy.
Features of Bank Rate:
• Bank Rate is the rate at which RBI provides loans to commercial banks.
• The rate is generally higher than the Repo Rate.
• It is a tool used by RBI to control inflation.
• The Bank Rate is revised periodically by RBI.
• The commercial banks can borrow money from RBI against the collateral of government securities.
• The Bank Rate is also used to control the credit flow in the economy.
• The Bank Rate is an important tool used by RBI to regulate the economy.
Conclusion:
Bank Rate and Discount Rate are the same thing. It is an important tool used by RBI to control the economy. The rate is revised periodically by RBI. The commercial banks borrow money from RBI to meet their short-term liquidity requirements.
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Bank Rate is also known as _______.a)Discount Rateb)REPO Ratec)Reserve Repo Rated)Lending RateCorrect answer is option 'A'. Can you explain this answer?
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