{"id":1129,"date":"2024-03-05T15:11:52","date_gmt":"2024-03-05T15:11:52","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=1129"},"modified":"2024-03-05T15:11:52","modified_gmt":"2024-03-05T15:11:52","slug":"bank-rate-means-the-rate-of-interest","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/","title":{"rendered":"Bank rate means the rate of interest"},"content":{"rendered":"

[amp_mcq option1=”paid by banks to depositors” option2=”charged by banks from borrowers” option3=”charged on inter-bank loans” option4=”charged by Reserve Bank of India on loans given to commercial banks” correct=”option4″]<\/p>\n

The correct answer is (d). Bank rate is the rate of interest at which the Reserve Bank of India lends money to commercial banks. It is the benchmark interest rate in India and is used by banks to set their own lending and deposit rates.<\/p>\n

(a) is incorrect because the rate of interest paid by banks to depositors is called the deposit rate.
\n(b) is incorrect because the rate of interest charged by banks from borrowers is called the lending rate.
\n(c) is incorrect because the rate of interest charged on inter-bank loans is called the inter-bank rate.<\/p>\n","protected":false},"excerpt":{"rendered":"

[amp_mcq option1=”paid by banks to depositors” option2=”charged by banks from borrowers” option3=”charged on inter-bank loans” option4=”charged by Reserve Bank of India on loans given to commercial banks” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-1129","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\nBank rate means the rate of interest<\/title>\n<meta name=\"description\" content=\"(a) is incorrect because the rate of interest paid by banks to depositors is called the deposit rate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank rate means the rate of interest\" \/>\n<meta property=\"og:description\" content=\"(a) is incorrect because the rate of interest paid by banks to depositors is called the deposit rate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T15:11:52+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bank rate means the rate of interest","description":"(a) is incorrect because the rate of interest paid by banks to depositors is called the deposit rate.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/","og_locale":"en_US","og_type":"article","og_title":"Bank rate means the rate of interest","og_description":"(a) is incorrect because the rate of interest paid by banks to depositors is called the deposit rate.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-03-05T15:11:52+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/","url":"https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/","name":"Bank rate means the rate of interest","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-03-05T15:11:52+00:00","dateModified":"2024-03-05T15:11:52+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"(a) is incorrect because the rate of interest paid by banks to depositors is called the deposit rate.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/bank-rate-means-the-rate-of-interest\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Economics","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/economics\/"},{"@type":"ListItem","position":4,"name":"Bank rate means the rate of interest"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/1129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=1129"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/1129\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=1129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=1129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=1129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}