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NextQ6

Read the following news report carefully : "The central bank has imposed fine on Hisar Urban Cooperative Bank Ltd. and Andaman and Nicobar State Cooperative Bank Ltd. for violation of banking norms." According to the given report, identify the function of the central bank.

Central Bank — Functions and RoleStudy Simplify SpecialPYQ1MCQ
Question 5

The rate at which commercial banks borrow from the Reserve Bank of India to meet their long term requirements is known as ____________. (Choose the correct alternative to fill up the blank)

5/92
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