Question

What interest rate does a bank earn on its shortfall deposits when its total Priority Sector Lending falls 10% or more below the prescribed target?

A Bank Rate minus 2%
B Bank Rate minus 3%
C Bank Rate minus 4%
D Fixed Repo Rate
E 0% interest (No interest is earned for high shortfalls)
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)