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With reference to Indian commercial banks consider the following statements:
  1. The base rate system for the interest of commercial banks was introduced in 2010.
  2. he base rate system has enabled a more informed assessment of the transmission of monetary policy impulses to banks' leading rates.
Which of the statements given above is/are correct?
  • a)
    Only 1
  • b)
    Only 2
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to Indian commercial banks consider the following state...
The base rate system was introduced in 2010 and it replaced the earlier Prime Lending Rate (PLR) system to which all lending rates were pegged. Base rate became the new floor rate below which no bank could lend. The base rate system was brought to increase transparency in the lending market and enable a more informed assessment of transmission of monetary policy changes to banks' lending rates.
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With reference to Indian commercial banks consider the following statements: The base rate system for the interest of commercial banks was introduced in 2010. he base rate system has enabled a more informed assessment of the transmission of monetary policy impulses to banks leading rates.Which of the statements given above is/are correct?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to Indian commercial banks consider the following statements: The base rate system for the interest of commercial banks was introduced in 2010. he base rate system has enabled a more informed assessment of the transmission of monetary policy impulses to banks leading rates.Which of the statements given above is/are correct?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about With reference to Indian commercial banks consider the following statements: The base rate system for the interest of commercial banks was introduced in 2010. he base rate system has enabled a more informed assessment of the transmission of monetary policy impulses to banks leading rates.Which of the statements given above is/are correct?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Indian commercial banks consider the following statements: The base rate system for the interest of commercial banks was introduced in 2010. he base rate system has enabled a more informed assessment of the transmission of monetary policy impulses to banks leading rates.Which of the statements given above is/are correct?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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