The rate at which commercial banks borrow money from the central bank is called ---

A interest rate
B call money rate
C exchange rate
D bank rate

Correct Answer: bank rate

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short - term loans. Managing the bank rate is a method by which central banks affect economic activity
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Related Questions

Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .
A can never become green banks .
B can become green banks if they reduce the number of branches and eliminate the use of paper .
C can become green banks if they can greatly reduce or eliminate carbon footprint form their banking activities.
D can become green banks if they support local green initiatives
 For a research purpose 2500 individuals were interviewed. Among them 750 persons have bank accounts in State Owned Commercial Banks (SOCBS) and 2250 persons have bank accounts in Private Commercial Banks (PCBs). How many of them have bank accounts in both SOCBS and PCBs?
A 250
B 300
C 500
D 600
A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as:
A Bank rate
B Statutory Liquidity Ratio (SLR)
C Cash Reserve Ratio (CRR)
D Mandatory deposit
The rate at which Central bank lends money to the commercial banks is called-
A Lending Rate
B Bank Rate
C Call Money rate
D Discount Rate
Which private commercial bank of Bangladesh has acted as the Central bank of Maldives before the country formed its won Central Bank?
A Sicrra Leone
B Nokia
C Hungary
D None of these
which private commercial bank of Bangladesh has acted as the Central bank of Maldives before the country formed its own Central Bank?
A IFIC
B IMF
C WHO
D None of these
the rate at which one bank lends money to the other commercial Banks for the shortest period is called-
A Call Money Rate
B Bank Rate
C Discount Rate
D Lending Rate
____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks
A Repo rate
B Bank rate
C Prime lending rate
D Reverse repo rate
At which rate, Reserve Bank of India borrows money from commercial banks?
A Bank Rate
B Repo Rate
C Reverse Repo Rate
D Statutory Liquidity Rate
Two banks offer interest rate of 6% and 7% respectively on savings account. Mr. Faruq deposited a total amount of Tk. 4000 in the banks and in one year his interest income was Tk. 250. Find the deposit in the bank with 7% interest rate?
A 3000
B 2000
C 1500
D 1000

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