External benchmark linked lending rates require banks to link retail and MSME loans to: MCQ with Answer and Explanation

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External benchmark linked lending rates require banks to link retail and MSME loans to:

A. MCLR only

B. fixed deposit rate

C. base rate only

D. external benchmarks such as repo rate or Treasury bill yield

Answer: Option D

Solution (By JKSSB Mock Tests)

Banks link retail and MSME loans to external benchmarks such as the repo rate or Treasury bill yields.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on imports is:

A. not levied

B. only 12%

C. only 5%

D. levied along with customs duty

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Correct Answer: Option D

Explanation:
Imports are subject to IGST along with basic customs duty.

This question belongs to: Economy GK Economy Set 1

Question #2

A doubtful asset is one that has remained NPA for:

A. less than 90 days

B. up to 6 months

C. more than 12 months

D. up to 12 months

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Correct Answer: Option C

Explanation:
A doubtful asset has remained NPA for more than 12 months.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'currency note' in India bears the signature of:

A. President

B. Prime Minister

C. RBI Governor

D. Finance Minister

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Correct Answer: Option C

Explanation:
Currency notes except one rupee bear the signature of the RBI Governor.

This question belongs to: Economy GK Economy Set 1

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