Question : What is the meaning of reverse repo rate?

Option 1: The rate at which RBI borrows money from foreign banks.

Option 2: The rate at which RBI borrows money from commercial banks.

Option 3: The rate at which commercial banks borrow money from RBI.

Option 4: The rate at which commercial banks borrow money from foreign banks.

Question : The bank rate is the rate at which:

Option 1: RBI borrows from commercial banks 

Option 2: RBI lends to commercial banks 

Option 3: Commercial banks lend to customers

Option 4: Commercial banks borrow from RBI

Question : The rate at which the RBI borrows from commercial banks is called:

Option 1: CRR

Option 2: SLR

Option 3: Repo rate

Option 4: Reverse repo rate

Question : The interest rate at which the RBI borrows money from banks is called:

Option 1: Reverse Repo Rate

Option 2: Repo Rate

Option 3: Bank Rate

Option 4: Savings Rate

Question :  ___________ is the interest rate at which banks can borrow overnight funds from the Reserve Bank of India (RBI).

Option 1: Bank rate

Option 2: Repo rate

Option 3: Reverse repo rate

Option 4: Prime rate