Question : The interest rate at which a nation's central bank lends money to domestic banks often in the form of very short-term loans - is referred to as:
Option 1: Bank rate
Option 2: Repo rate
Option 3: Reverse repo rate
Option 4: Cash rate
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Correct Answer: Bank rate
Solution : The correct answer is the Bank rate.
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans. The Central Bank of India is the RBI, and the RBI lends money to domestic banks, and the domestic banks need to pay the interest rate.
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Question : The Nobel Prize for Economics was instituted by
Option 1: Alfred Nobel
Option 2: Sweden's central bank
Option 3: The Nobel Committee
Option 4: World Bank
Question : What is the proportion of the central government's ownership of capital in Regional Rural Banks?
Option 1: 50%
Option 2: 60%
Option 3: 45%
Option 4: 55%
Question : As per the merger of public sector banks, effective from 1 April 2020, which of the following banks was merged with the Union Bank of India?
Option 1: Syndicate Bank
Option 2: Allahabad Bank
Option 3: Corporation Bank
Option 4: United Bank of India
Question : On which of the following banks did the Reserve Bank of India impose a moratorium in March 2020?
Option 1: IDFC First Bank
Option 2: Dhanlakshmi Bank
Option 3: Bandhan Bank
Option 4: Yes Bank
Question : Which of the following banks was established as the Bank of Calcutta in the year 1806?
Option 1: Axis Bank
Option 2: Union Bank of India
Option 3: State Bank of India
Option 4: Industrial Development Bank of India
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