Question
RBI mandated use of external benchmarks for pricing of
certain loans like retail and MSME loans. I n how many months is the interest rate to be reset at least once under the external benchmarking mechanism?Solution
Banks are required to extend floating rate loans to Retail and MSME borrowers with reference to external benchmark lending rates only. The external benchmarks that may be considered for loans are
- Reserve Bank of India policy Repo Rate or
- Government of India 3-Months and 6-Months Treasury Bill yields published by FBIL or
- a ny other benchmark market interest rate published by FBIL.
Person with independent or unorthodox views
Select the most appropriate meaning of the word marked in bold letters according the context in which it has been used.
On account of the pau...
- In the following sentence, choose the word similar in meaning to the bold word to fill in the blank.
The scientist proposed a novel solution that t... Choose the word correct antonym:
Pre-requisite
The weather was mild and pleasant.
In the questions given below four words are given in which four of them have a similar meaning and one word is the antonym/opposite for/to the other wo...
Find the appropriate answer.
A Speech made for the first time In a public gathering
An official written statement charging a person with a crime
Fill in the blanks with the appropriate antonym of the word in Italic from the options given:
The results were favorable , whereas his previo...
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