📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    What will be the use of the Marginal Cost of Funds based

    lending rate?
    A Change the rate of interest charged according to the decision of the Reserve Bank of India base rate Correct Answer Incorrect Answer
    B Ensure availability of bank credit at interest rates which are fair to the borrowers as well as the bank Correct Answer Incorrect Answer
    C Lower the lending rate so that more loans are taken by the borrowers Correct Answer Incorrect Answer
    D Benchmark interest rate indexes used to make adjustments to adjustable rate mortgages Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call