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Identify the correct statement (a) The rate at which the RBI is willing to borrow from the commercial banks is called reverse repo rate (b) If the RBI increases repo rate, it makes borrowing expensive for banks vice versa (c) Repo rate is a tool to control inflation (d) A lower reverse repo rate decrease inflation
Correct Answer: (a)
Official keyThis question appeared in the TNPSC Prelims 2025 examination (GS). It is Question 166 out of 200 questions in this paper.
This question was part of the TNPSC Prelims 2025 (GS). The TNPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all TNPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.