Repo Rate - GS questions based on daily current affairs

1)   What is Repo rate?

a. Rate at which the RBI borrows money from commercial banks.
b. Rate at which commercial banks borrow money from RBI
c. Rate at which government lends money to RBI
d. Rate at which banks borrow funds overnight from the RBI
Answer  Explanation 

ANSWER: Rate at which commercial banks borrow money from RBI

Explanation:
Current Repo rate - 7.25%
MSF is the rate at which banks borrow funds overnight from the RBI

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