Question : The interest rate charged by commercial banks on loans is called: 

Option 1: Repo rate 

Option 2: Reverse repo rate 

Option 3: Prime lending rate 

Option 4: None of the above

Question : The interest rate offered by banks on deposits is called ___________.

Option 1: Loan rate

Option 2: Deposit rate

Option 3: Inflation rate

Option 4: Exchange rate

Question : What is the bank rate?

Option 1: The rate at which the Central bank of a country advances loans to other banks in the country.

Option 2: The rate at which banks advance loans to customers.

Option 3: The rate at which banks lend among themselves.

Option 4: The rate at which banks lend to money lenders.

Question :  ___________ is the interest rate at which banks can borrow overnight funds from the Reserve Bank of India (RBI).

Option 1: Bank rate

Option 2: Repo rate

Option 3: Reverse repo rate

Option 4: Prime rate

Question : The rate at which RBI gives short-term loans to commercial banks is called:

Option 1: repo rate

Option 2: reverse repo rate

Option 3: bank rate

Option 4: cash reserve rate