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Money and Banking — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking1 Mark
Question
What is repo rate?
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Answer

Repo rate is the rate of interest at which commercial banks can raise short-term loans from the Central Bank for a period between 1 to 14 days.

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