Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this Base rate for banks?

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Q 1507791688.     Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this Base rate for banks?


A

Individual Banks Board

B

Ministry of Commerce

C

Ministry of Finance

D

RBI

E

Interest Rate Commission of India

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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