Definition of Bank Rate- Interest rate charged by RBI

Q.  Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills in India?
- Published on 20 Jul 15

a. Bank Rate
b. Discount Window
c. Monetary Policy
d. Overnight Rate

ANSWER: Bank Rate
 
It is also referred to as the discount rate.

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