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BPSC 60th-62nd Prelims Exam 12 Feb 2017 Solved Paper
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Question : 26
Total: 150
Bank rate means
Interest rate charged by moneylenders
Interest rate charged by Scheduled Banks
Rate of profit of banking institution
Official rate of interest charged by Central Bank
None of the above/More than one of the above
Validate
Solution:
Bank rate implies official rate of interest charged by Central Bank. Bank rate is the interest rate charged by the central bank for lending funds to commercial banks for long terms.
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