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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 110 of 200

Q110
Indian EconomyMoney, Banking & Financial Institutions
REPO stands for in repo rate—
  1. a.Reverse Payment Option
  2. b.Repurchase Option
  3. c.Rupee Purchase Option
  4. d.Rupee Payment Option

Answer: (B) Repurchase Option

'Repo' is short for repurchase (agreement or option): the RBI lends to banks against government securities that the banks agree to buy back later. The other expansions are invented.

Q109 Whole paperQ111