SBI Junior Associates Model Paper 7

Question : 10 of 200

Marks: +1, -0

'Base Rate' in banks is ..........

Rate of interest payable on demand deposits.
Rate of interest payable on fixed deposits.
Rate of interest charged by RBI on long term borrowings of Public Sector Banks.
Minimum lending rate decided by RBI which shall be adopted by all Public Sector Banks.
The minimum interest rate fixed by individual banks, below which they cannot lend funds, except cases like Government sponsored scheme

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