Bank Rate- Used under General Credit Control by RBI

Q.  Which is the instrument used by RBI under general credit control?
- Published on 20 Jul 15

a. CRR
b. SLR
c. Bank Rate
d. Exchange Control

ANSWER: Bank Rate
 
RBI has been playing its role of supervision, control and development of the monetary and banking system in the country through Public Debt Management, Banker to Government, Bankers' Bank.

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