Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
272 views
in GK by (95.4k points)
closed by
Interest below which a bank is not expected to lend to customers is known as ____________.
A. Deposit Rate
B. Base Rate
C. Prime Lending Rate
D. Bank Rate

1 Answer

0 votes
by (94.7k points)
selected by
 
Best answer
Correct Answer - B
The Base Rate is the minimum interest rate of Bank below which it cannot lead, except in cases allowed by the Reserve Bank of India. The Base Rate system replaced the Benchmark Prime Lending Rate (BPLR system) with effect from July 1, 2010.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...