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Consider the following statements: 1. Bank run is a situation which occurs when a large number of depositors start withdrawing their money from bank at the same time which leads to bank failure 2. Bank rate is the interest rate charged by the RBI for short-term loans that it gives to the commercial banks Which of the above statement(s) is/are correct?
Correct Answer: (a)
Official keyThis question appeared in the GPSC Prelims 2026 examination (GS). It is Question 30 out of 200 questions in this paper.
This question was part of the GPSC Prelims 2026 (GS). The GPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all GPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.