APPSC Group 2 Prelims 2019 · Question 122

Question 122 of the APPSC Group-II Screening Test 2019 (5 May 2019). Try it first, then open the answer and explanation.

1. Screening 2019 · Q122 · Economy (India & AP) · Money, Banking & Inflation

   Repo rate is the rate at which

   రెపోరేటు అనగా ఏ రేటుదగ్గర

   Show answer

   Answer: RBI lends money to the commercial banks

   సమాధానం: రిజర్వు బ్యాంకు, వాణిజ్య బ్యాంకులకు ఋణాలు మంజూరు చేసే రేటు

   Under the repo, the RBI lends short-term funds to banks against government securities. It is the RBI's main policy rate.

Answer it in the practice appMake a topic-wise quiz