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DSSSB PRT 2022 Afternoon 📅 16 Mar, 2022

The rate at which the bank is ready to buy or exchange bills of exchange or other commercial papers is called ______.

A
Reverse Repo Rate
B
Bank Rate
C
Cash Reserve Ratio
D
Repo Rate
Result Summary
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APEDIA

DSSSB PRT
2022 • 16 Mar, 2022 • Afternoon
The rate at which the bank is ready to buy or exchange bills of exchange or other commercial papers is called ______.
Correct Answer
Bank Rate
• **Definition:** Bank Rate is the rate at which RBI discounts bills of exchange....
💡 Analysis & Explanation
• **Definition
** Bank Rate is the rate at which RBI discounts bills of exchange.