New Enroll here to Join NaBFID Analyst Into Class on May 6

    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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