Multiple choice

United bank of india(UBI) has cut its PLR by howmuch basic points?

  1. 1 %

  2. 0.5 %

  3. 0.7 %

  4. 1.5 %
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

United Bank of India (UBI) cut its Prime Lending Rate (PLR) by 150 basis points (1.5%). In banking terminology, basis points (bps) are used - 100 bps equals 1%. So a 150 bps reduction equals 1.5%, not 0.5%, 0.7%, or 1%.

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