Challenger App

No.1 PSC Learning App

1M+ Downloads
_____ is the rate at which RBI absorbs liquidity from banks

ACRR

BSLR

CRepo

DReverse Repo

Answer:

D. Reverse Repo

Read Explanation:

Reverse repo rate is the rate at which RBI borrows money from banks, thus absorbing liquidity from the system.


Related Questions:

A draft is lost, and purchaser wants to stop payment of draft
The nationalized bank with Punjab National Bank in 1993.
If Customer of a bank could not balance to traced, the banker usually transfers the account and close the account.
Collateral security means
Endorsement warns the endorsee that the endorser is an agent with limited authority.