Question

    From the July Quarter, 2019 the Reserve Bank has set a

    Base rate of how much % for NBFC (Non-banking Financial Companies and Micro Finance Institutions) ?
    A 10.1% Correct Answer Incorrect Answer
    B 9.18% Correct Answer Incorrect Answer
    C 9.21% Correct Answer Incorrect Answer
    D 6.18% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The average base rate for non-banking financial companies and micro finance institutions has been revised by the Reserve Bank of India and has been set to 9.18%, which was implemented from the quarter beginning July 2019. 

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