Question
Which of the following statements are not true regarding External Benchmark Rates I. All new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans extended by banks to Micro and Small Enterprises from October 01, 2019 and floating rate loans to Medium Enterprises from April 01, 2020 shall be benchmarked with external benchmark rates II. External Benchmark rates may consist of Reserve Bank of India policy repo rate Government of India 3-Months Treasury Bill yield published by the Financial Benchmarks India Private Ltd (FBI
- I IV. the adoption of multiple benchmarks by the same bank is not allowed within a loan category
- L III. Banks are free to offer such external benchmark linked loans to other types of borrowers as well (other than
More Current Financial Awareness Questions
- Sustainable Development Goals (SDGs) are an urgent call for action by all countries - developed and developing - in a global partnership. They recognize th...
- Cabinet Committee on Economic Affairs (CCEA) approved a scheme worth Rs 2,539.61 crore for _______ and ________, in a boost to public sector broadcasting i...
- What is the minimum duration for which a non-government subscriber should be registered under NPS, to be eligible to withdraw funds from NPS pre-maturely? ...
- SEBI, recently in December 2021, came out with revised guidelines for IPOs under which it has limited the use of IPO proceeds for unidentified acquisitions...
- RBI and _____ has issued Standard Operating Procedure for Inter-Operable Regulatory Sandbox testing of innovative products falling within the regulatory um...
- Under Pradhan Mantri Vaya Vandana Yojana (PMVVY) what is the minimum monthly purchase price?
- As per the Union Budget 2022-23, the income from the transfer of digital assets shall be taxed at ______?
- Which of the following is NOT one of the four priorities on which the budget proposal of 2022-23 rests?
- Who was appointed as the first woman Vice Chancellor of Aligarh Muslim University (AMU) in 2024?
- Which of the following statements about Pradhan Mantri Ujjwala Yojana (PMUY) is correct?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)