Bank Rate implies the rate of interest I.A.S. (Pre) 1995

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M: +2.00/-0.50

Bank Rate implies the rate of interest

I.A.S. (Pre) 1995 U.P.P.C.S. (Mains) 2008

[Fiscal Policy, Inflation Planning and Banking]

paid by the Reserve Bank of India on the deposits of commercial banks

charged by banks on loans and advances

payable on bonds

at which the Reserve Bank of India discounts the Bills of Exchange

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