Home
Class 14
GENERAL KNOWLEDGE
Base Rate is the rate below which no Ban...

Base Rate is the rate below which no Bank can allow their lending to anyone. Who sets up this 'Base Rate' for Banks?

A

Individual Banks, Board

B

Ministry of Commerce

C

Ministry of Finance

D

RBI

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Topper's Solved these Questions

  • BANKING PRODUCTS

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQ|54 Videos

  • BANKING SYSTEM IN INDIA & WORLD

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQs|84 Videos
IBPS & SBI PREVIOUS YEAR PAPER-BANKING STRUCTURE & INSTRUMENT-MCQs
  1. The ministry of Finance recently released a comprehensive paper on Gov...

    Text Solution

    |

  2. Which one of the following is not a 'Money Market Instrument'?

    Text Solution

    |

  3. Base Rate is the rate below which no Bank can allow their lending to a...

    Text Solution

    |

  4. Finance Ministry has asked the Reserve Bank of India to allow common A...

    Text Solution

    |

  5. Interest below which a bank is not expected to lend to customers is kn...

    Text Solution

    |

  6. With effect from July 1, 2012, for calculation of lending rates, the R...

    Text Solution

    |

  7. The seed capital of Bhartiya Mahila Bank is

    Text Solution

    |

  8. What is the full form of EFT?

    Text Solution

    |

  9. How RBI measured to liquidate the market?

    Text Solution

    |

  10. Cheque truncation can be done by?

    Text Solution

    |

  11. Which account will not come under RBI's limitation of ATM Transaction?

    Text Solution

    |

  12. What is the alphanumeric code on cheques called?

    Text Solution

    |

  13. The most powerful tool used by the Reserve Bank of India to control in...

    Text Solution

    |

  14. Which of the following assets can be mortgaged?

    Text Solution

    |

  15. 'Base Rate' in banks is

    Text Solution

    |

  16. A saving bank deposit account is one where

    Text Solution

    |

  17. The most powerful tool used by the Reserve Bank of India to control in...

    Text Solution

    |

  18. Non-performing Assets are the assets which have stopped giving

    Text Solution

    |

  19. What is the Repo Rate?

    Text Solution

    |

  20. 'Nomination' for a deposit account in the bank means

    Text Solution

    |