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