What is bank rate?

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Q. What is bank rate?

(A) Rate at which a Central Bank lends money to Central Government
(B) Rate at which a Central Bank lends money to commercial banks
(C) Rate at which a Central Bank lends money to State Government
(D) Rate of Interest at which a Central Bank accepts deposits from Commercial Banks

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✅ Correct Answer: (B) Rate at which a Central Bank lends money to commercial banks

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