A) Loans and EMI will become cheaper for retail loans.
B) Banks will pay higher interest rate on FD and RD.
C) Banks will have to deposit more money with the RBI.
D) Rupee will strengthen against other currencies.
E) None of these
Correct Answer: B
Solution :
; If the repo rate goes down, loan rates will go down. In turn, deposit rates will also go down. Thus, 2 negates the given statement.You need to login to perform this action.
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