New Free Workshop on RBI Grade B Descriptive Answer Writing - Join Us!
Register

Question

What is true about the teaser loan rates charged by banks?

A Fixed rate of interest charged by banks Correct Answer Incorrect Answer
B Floating rate of interest charged by banks Correct Answer Incorrect Answer
C Rate of interest in the initial period is less Correct Answer Incorrect Answer
D Rate of interest in the initial period is more and it goes down subsequently. Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The correct answer is C

Practice Next

Relevant for Exams:

×
×