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- Decide whether the question is static GK, current affairs, polity, history, geography, or science.
- Recall the exact fact or nearest anchor fact.
- Eliminate options that conflict with that fact.
Correct Answer: B
Correct Answer: B
Method / Topic: Economy
The correct option matches the accepted factual reference for this topic.
Short Explanation
Detailed Explanation
Correct Answer: B
Method / Topic: Economy
<table cellspacing="0" style="border-collapse:collapse; width:85px">
<tbody>
<tr>
<td style="border-bottom:none; border-left:none; border-right:none; border-top:none; height:20px; vertical-align:top; white-space:normal; width:85px">Commercial banks may borrow short-term funds from the Reserve Bank of India against approved securities. The interest rate charged on this borrowing is called the repo rate.</td>
</tr>
</tbody>
</table>
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Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Shortcut used, common trap, and the fastest solving route
- Decide whether the question is static GK, current affairs, polity, history, geography, or science.
- Recall the exact fact or nearest anchor fact.
- Eliminate options that conflict with that fact.
What does the repo rate refer to?
Explanation
Correct Answer: B
Method / Topic: Economy
The correct option matches the accepted factual reference for this topic.
Short Explanation
Detailed Explanation
Correct Answer: B
Method / Topic: Economy
<table cellspacing="0" style="border-collapse:collapse; width:85px">
<tbody>
<tr>
<td style="border-bottom:none; border-left:none; border-right:none; border-top:none; height:20px; vertical-align:top; white-space:normal; width:85px">Commercial banks may borrow short-term funds from the Reserve Bank of India against approved securities. The interest rate charged on this borrowing is called the repo rate.</td>
</tr>
</tbody>
</table>
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