Serial Quizzer Day 5
RBI Repo and Reverse Repo Rate Quiz
Welcome to the RBI Repo and Reverse Repo Rate Quiz! Test your knowledge on important financial concepts and stay updated with the latest rates determined by the Reserve Bank of India.
In this quiz, you will:
- Explore fundamental banking terms.
- Understand the significance of Repo and Reverse Repo rates.
- Gauge your understanding of current financial conditions.
What does 'RBI Repo rate' mean?
Rate at which RBI lends money to banks
Rate at which RBI borrows money from banks
Rate at which banks invest their money in Forex
Rate at which RBI invests money in Forex
What is RBI reverse Repo rate
Rate at which RBI lends money to banks
Rate at which RBI borrows money from banks
Rate at which banks invest their money in Forex
Rate at which RBI invests money in Forex
What is current Repo rate?
7%
6.75%
6.5%
6.25%
6%
What is current Reverse Repo rate?
7%
6.75%
6.5%
6.25%
6%
What happens when Repo rate is increased by RBI?
No effect
Bad debts of Banks decreases
Bad Debt of Banks increases
Borrowing becomes more expensive for banks
Borrowing becomes less expensive for banks
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