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]

Individual Banks Boards (Correct Answer)

Base rate is the rate below which no bank can allow their lending to a

1.	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
Answer» B. Ministry of Commerce

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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]

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