Multiple choice

Which of the following rates is not decided by RBI?

  1. Cash Reserve Ratio

  2. Repo Rate

  3. Reverse Repo Rate

  4. Bank Rate

  5. Prime Lending Rate
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Option (5) is correct. Prime lending rate is the interest rate used by a bank which is decided by the concernend bank.

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