Multiple choice

Which of the rate is not determined by Reserve Bank of India?

  1. Bank Rate

  2. CRR

  3. SLR

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

PLR (Prime Lending Rate) is not determined by the Reserve Bank of India. It is set individually by each commercial bank based on their cost of funds and market conditions. In contrast, Bank Rate, CRR, and SLR are all monetary policy tools directly controlled by the RBI.

Keep practicing — related questions