New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following are regularly updated interest

    rates that are publicly accessible?
    A Credit Rates Correct Answer Incorrect Answer
    B Reference Rates Correct Answer Incorrect Answer
    C Repo Rate Correct Answer Incorrect Answer
    D Reserve Rate Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Interest rate benchmarks – also known as reference rates or just benchmark rates – are regularly updated interest rates that are publicly accessible. They are a useful basis for all kinds of financial contracts such as mortgages, bank overdrafts, and other more complex financial transactions.

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