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      Question

      Which benchmark has been mandated by RBI for floating

      rate loans to retail and MSME borrowers?
      A Base Rate Correct Answer Incorrect Answer
      B MCLR Correct Answer Incorrect Answer
      C Repo Linked Lending Rate (RLLR) Correct Answer Incorrect Answer
      D Bank Prime Lending Rate Correct Answer Incorrect Answer
      E Reverse Repo Rate Correct Answer Incorrect Answer

      Solution

      RBI has mandated that all new floating rate retail and MSME loans be linked to an external benchmark, most commonly the repo rate.

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