Question

Bank Rate is:

• A. The rate of interest at which RBI gives loans to industries
• B. The rate at which RBI gives loans to the commercial banks
• C. The rate of interest at which Agricultural Banks give loans to the farmers
• D. The rate of interest at which Co-operative banks give loans to the customers

Answer 1

The Correct Option is B

The correct option is (B) : The rate at which RBI gives loans to the commercial banks