Consider the following statements regarding Repo rate: 1.

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ESE (IES) ME 2017 Paper (Non Technical)
Engineering aptitude
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Engineering aptitude

2

M: +2.00/-0.66

Consider the following statements regarding
Repo rate:
1. It is the rate at which RBI lends money to Commercial Banks generally against Government Securities
2. It is the rate at which RBI borrows money from Commercial Banks generally against Government Securities
3. It is the rate at which Commercial Banks keep Deposits with RBI
Which of the above statements is/are correct?

[ESE (IES) ME 2017 Paper (Non Technical)]

A 1 only

B 2 only

C 3 only

D 1,2 and 3