As we all know, the Bank Rate at present is fixed at 6.75%. What does it mean in context to the banking operations?

Bank should give loan to their priority sector customers/borrowers at the rate of 6.75% only. They cannot charge less or more than this from their priority sector clients.

No bank will be able to give loan to any patron at a rate lower than the Bank Rate.

Banks are required to invest 6.75% of their total capital on financial inclusion and inclusive banking operations.

Banks will be required to give 6.75% of their total deposits to the Govt. of India for meeting its Balance of Trade requirements.

As we all know, the Bank Rate at present is fixed at 6.75%. What does

1.	As we all know, the Bank Rate at present is fixed at 6.75%. What does it mean in context to the banking operations?
A.	No bank will be able to give loan to any patron at a rate lower than the Bank Rate.
B.	Bank should give loan to their priority sector customers/borrowers at the rate of 6.75% only. They cannot charge less or more than this from their priority sector clients.
C.	Banks are required to invest 6.75% of their total capital on financial inclusion and inclusive banking operations.
D.	Banks will be required to give 6.75% of their total deposits to the Govt. of India for meeting its Balance of Trade requirements.
E.	None of these
Answer» B. Bank should give loan to their priority sector customers/borrowers at the rate of 6.75% only. They cannot charge less or more than this from their priority sector clients.

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As we all know, the Bank Rate at present is fixed at 6.75%. What does it mean in context to the banking operations?

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