The correct answer is (a) 0.25 percent.
The repo rate is the rate at which the Reserve Bank of India lends money to commercial banks. The reverse repo rate is the rate at which commercial banks lend money to the Reserve Bank of India. The difference between the repo rate and the reverse repo rate is the interest rate spread.
The interest rate spread is important because it determines the cost of borrowing money for commercial banks. A higher interest rate spread means that it is more expensive for commercial banks to borrow money, which can lead to higher lending rates for consumers and businesses.
In the last one year, the interest rate spread has been around 0.25 percent. This means that commercial banks have been able to borrow money from the Reserve Bank of India at a relatively low rate, which has helped to keep lending rates low for consumers and businesses.
The following are the brief explanations of each option:
(a) 0.25 percent: This is the correct answer. The interest rate spread has been around 0.25 percent in the last one year.
(b) 0.50 percent: This is not the correct answer. The interest rate spread has been around 0.25 percent in the last one year, not 0.50 percent.
(c) 0.75 percent: This is not the correct answer. The interest rate spread has been around 0.25 percent in the last one year, not 0.75 percent.
(d) 1.00 percent: This is not the correct answer. The interest rate spread has been around 0.25 percent in the last one year, not 1.00 percent.