BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following rates is decided by the market conditions and not by RBI?
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Bank rate
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SLR
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CRR
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Inflation rate
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Explanation:
Detailed explanation-1: -Out of the given options, fixed deposit rate is not decided by RBI. Q. Which of the following is/are key policy rates used by RBI to influence interest rates?
Detailed explanation-2: -Deposit Rate Was this answer helpful?
Detailed explanation-3: -Inflation rate will be based on the final combined Consumer Price Index [(CPI) base: 2010=100]. The final combined CPI will be used as reference CPI with a lag of three months.
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