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 (FBIL) III. Banks are free to offer such external benchmark linked loans to other types of borrowers as well (other than I) IV. the adoption of multiple benchmarks by the same bank is not allowed within a loan categorySolution
The correct answer is D
More Current Financial Awareness Questions
Press ___ to start presentation from the beginning
Which out of the following is the correct file extension of an Excel file?
How can you apply a pre-designed set of formatting options to a Word document?
What does the IF function do in Excel?
Which of the following keyboard short-cut is used to center the paragraph?
Which file format allows you to save a PowerPoint presentation that can be played on any computer without requiring PowerPoint?
To make the selected text bold, the shortcut key is ____
What does the "Replace Fonts" feature do in PowerPoint?
The document can be zoom maximum upto
Which formatting feature in MS Word 365, is used to emphasise text by making it bold, italic or underlined in documents?
Relevant for Exams:
