Question

     RBI(Reserve Bank of India)  has asked the banks to

    fix their interest rates on which of these schemes?
    A Gold Monetisation Scheme Correct Answer Incorrect Answer
    B National Savings Certificate Correct Answer Incorrect Answer
    C Kisan Vikas Patra Correct Answer Incorrect Answer
    D Public Provident Fund Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Individual banks will be free to fix the interest rates in tune with their own costing considerations. Interest will be payable in cash at fixed intervals or at maturity as decided by the bank.

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