Multiple choice

Which of the following was the present Reverse Repo Rate as on June 9, 2006?

  1. 5.00

  2. 5.75

  3. 6.00

  4. 6.50

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Reverse Repo Rate is the rate at which the central bank borrows money from commercial banks. As of June 9, 2006, this rate was 5.75%. This is a factual monetary policy rate that students should know for banking awareness.

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