✓ Board-verified
Economics · 2023 · 1 mark
CBSE 2023 · Region 1 · Set 1 · Q3
The rate at which commercial banks borrow from the Reserve Bank of India to meet their long term requirements is known as. (Choose the correct…
The rate at which commercial banks borrow from the Reserve Bank of India to meet their long term requirements is known as ______________.(Choose the correct alternative to fill up the blank)
Official answer
(B)
Bank rate
Marking-scheme solution
(B)
Bank rate
More from Money and Banking
- Read the following information carefully: “The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), recently increased the Repo Rate…2023
- Identify, which of the following is not a function of the Reserve Bank of India. (Choose the correct alternative)2023
- “An increase in the credit creation capacity of commercial banks has a direct impact on the money supply in an economy.” Discuss the given statement.2024
- Suppose, for a hypothetical economy, Reserve Ratio (RR) decreases from 25% to 20%, the total deposits would to ₹, if primary deposits are ₹ 1,000.…2026
- Read the following statements carefully: Statement 1: Primary deposits are the cash deposits by general public with commercial banks. Statement 2:…2023
- releases data of money supply in India. (Choose the correct option to fill in the blank)2025
- Central Bank can decrease the money supply in the economy by. (Choose the correct option to fill in the blank)2025
- Identify, that function of money, which has effectively solved the problem of ‘double coincidence of wants’ in a transaction.2026
CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.