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Consider the following statements regarding Floating Interest Rate: It is typically based on a reference or “benchmark” rate that is outside of any control by the parties involved in the contract. Borrowers usually pick a loan with a floating rate when they expect an increase in the interest rate in future.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Floating Interest Rate: It is typically based on a reference or “benchmark” rate that is outside of any control by the parties involved in the contract. Borrowers usually pick a loan with a floating rate when they expect an increase in the interest rate in future.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Floating Interest Rate: It is typically based on a reference or “benchmark” rate that is outside of any control by the parties involved in the contract. Borrowers usually pick a loan with a floating rate when they expect an increase in the interest rate in future.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements regarding Floating Interest Rate: It is typically based on a reference or “benchmark” rate that is outside of any control by the parties involved in the contract. Borrowers usually pick a loan with a floating rate when they expect an increase in the interest rate in future.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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