Deputy General Manager(DGM) Question:

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What is repo rate and reverse repo rate?

Deputy General Manager Interview Question
Deputy General Manager Interview Question

Answer:

Repo rate is nothing, but the price at which the Reserve Bank of India gives some money as loan to the banks, while reverse repo is the cost at which money is taken by RBI from commercial bank. It is this rate that is responsible for controlling the inflation.

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Tell me what exactly is it in your background that makes you feel like you are qualified for this position?Which past manager has liked you the least, and what would this person tell me about you?