Which option matches this RBI Assistant Mains General Awareness clue: the rate at which RBI lends short-term funds to banks against securities?
Correct answer
C. Repo rate
Why
Repo rate is the correct match because it refers to policy lending rate.
RBI Assistant / General Awareness
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Sample practice
C. Repo rate
Repo rate is the correct match because it refers to policy lending rate.
B. Reverse repo rate
Reverse repo rate is the correct match because it refers to liquidity absorption rate.
A. Cash Reserve Ratio
Cash Reserve Ratio is the correct match because it refers to cash reserve requirement.
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