Question
The minimum rate set by the Reserve Bank of India below
which the banks are not allowed to lend to its customers is known asSolution
The Base rate includes all those elements of the lending rate that are common across all categories of borrowers. Banks are allowed to determine their actual lending rates on loans and advances with reference to the Base Rate and by including such other customer specific charges as considered appropriate.
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A certain sum of money will be doubled in 80 years at the rate of simple interest percent per annum is:
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