SBI PO Mains Model Papers 1

Question : 91 of 155

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, exceptcases like Govt. sponsored scheme.

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