CUET Economics - Which of the following statements are correct about monetary policy instruments of RBI? A. Bank rate is the rate at which RBI lends to commercial banks for long term. B. Repo rate is the rate at which RBI lends to commercial banks for short period. C. Open market operation is the buying and selling of government securities by RBI to regulate money supply. D. Reverse repo rate is the rate at which RBI lends to commercial banks for medium period. Choose the correct answer from the options given below: | PYQs + Solutions | AfterBoards