New How to prepare ESI for NABARD Prelims & Mains- Sources & Strategy
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Question

How often should the interest rate under the external benchmark be reset?

A Once a year Correct Answer Incorrect Answer
B Once every six months Correct Answer Incorrect Answer
C Once every three months Correct Answer Incorrect Answer
D Once every month Correct Answer Incorrect Answer
E There is no specific frequency mentioned Correct Answer Incorrect Answer

Solution

Reset of Interest Rates under External Benchmark As per External Benchmark Based Lending circular issued by RBI the interest rate under external benchmark shall be reset at least once in three months.

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