Millionaire Mode

Bank Rates and Monetary Policy

Question 1 of 14

Bank Rate is an RBI tool for short-term measures. State how its review affects commercial banking.

(a) An increase in Bank Rate leads to increase in deposit rates as well as Prime Lending Rate (PLR) on the part of commercial banking.
(b) It reduces the EMI.

Which of the above statements is/are incorrect?

  1. (a) only
  2. (b) only
  3. Both (a) and (b)
  4. Neither (a) nor (b)
  5. Either (a) or (b)

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000