SarkariPYQ

SSC GD 2021 PYQ — Question 46

SSC GD Constable (English) - 26th November 2021 Shift 2 • General Awareness • Q46

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Which of the following is an instrument of monetary policy of the Reserve Bank of India?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Repo rate.

  • Repo Rate is the interest rate at which the central bank of a country lends money to commercial banks.
  •  Repo is an abbreviation for Repurchase Agreement or Repurchasing Option.
  • Banks obtain loans from the Reserve Bank of India (RBI) by selling qualifying securities.