Match the statements given under A with the correct options given under B
Match the statements given under A with the correct options given under B.
| (A) | (B) |
| (i) Repo Rate | a. Rate of interest payable to commercial banks on their surplus deposits with RBI |
| (ii) Reverse Repo Rate | b. Rate of interest at which RBI provides short-term credit to commercial banks |
| (iii) Bank Rate | c. Policy of the Central Bank |
| (iv) Monetary Policy | d. Rate of interest at which RBI lends money to Commercial Banks for long period. |
Anurag Pathak Changed status to publish December 25, 2023
Ans:
(i) – b
(ii) – a
(iii) – d
(iv) – c
Explanation:-
(i) – b
Repo Rate is the rate of interest at which RBI provides short-term credit to commercial banks.
(ii) – a
Reverse Repo Rate is the rate of interest payable to commercial banks on their surplus deposits with RBI
(iii) – d
Bank Rate is the interest rate at which RBI lends money to Commercial Bank for long period.
(iv) – c
The Reserve Bank of India (RBI) is empowered to regulate the money supply in the economy through its Monetary Policy. It is the policy adopted by the Central bank of an economy in the direction of credit control or money supply.
Anurag Pathak Changed status to publish December 25, 2023
