Q. Which of the following institution/s is/are raise the money under “Bank Rate”?
1.Government of India
2.State Governments
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: B

Explanation: The interest rate which the RBI charges on its long-term lending’s is known as the Bank Rate.

The clients who borrow through this route are the Government of India, state governments, banks, financial institutions, co-operative banks, NBFCs, etc.

Source: Ramesh Singh