🎴 Flashcard Mode
Bank Rate
Card1 / 13
Mastered0
Review0
QuestionClick to flip
What is the primary objective of the Bank Rate set by the Reserve Bank of India (RBI)?
AnswerClick to flip back
A
To control inflation
💡 Explanation:
The primary objective of the Bank Rate is to control inflation by influencing the cost and availability of credit in the economy.