question_answer

Many a time we read in newspapers that some big banks have revised their lending rates to make them dearer or cheaper. Though the decision to raise the lending rates is always in the hands of the banks, normally they announce this decision of theirs                [Corporation Bank 2010]

[a] immediately after the Union Budget is presented in the Lok Sabha every year.

[b] when the RBI makes changes in its policy rates.

[c] when the Monetary and Credit Policy of the RBI is reviewed periodically.

A)  Only [a]

B)  Only [b]  

C)  Only [c]                       

D)  Only [b] & [c]

E)  All [a], [b] & [c]