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  9. Q137

BPSC (Bihar PCS) 2017 · Question 137 of 142

Bank rate means

Economy

  1. AInterest rate charged by moneylenders
  2. BInterest rate charged by Scheduled Banks
  3. CRate of profit of banking institution
  4. DOfficial rate of interest charged by Central BankCorrect
  5. ENone of the above/More than one of the above 13

Answer: D. Official rate of interest charged by Central Bank

Explanation

Correct answer is (D) Official rate of interest charged by Central Bank.

Source: Drishti IAS

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