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Banking General Awareness Reserve Bank of India Question Bank Previous Years Questions - Reserve Bank of India - Structure and Functions

  • question_answer
    Base rate is the rate below which no bank can allow their lending to anyone. Who set up this base rate for banks? [IBPS PO Main 2015]

    A)  Individual Banks Boards (Correct Answer)

    B)  Ministry of Commerce

    C)  Ministry of Finance

    D)  RBI

    E)  Interest Rate Commission of India

    Correct Answer: A

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