📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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.

    Practice Next
    More Financial Management Questions

    Relevant for Exams:

    ask-question