{"@context":"https://schema.org/","@type":"Quiz","dateCreated":"2024-12-16T10:13:05.868Z","dateModified":"2024-12-16T10:13:05.868Z","typicalAgeRange":"11-18","educationalLevel":"CBSE Class X","assesses":"Banking And Insurance - Interest Rate","educationalAlignment":[{"@type":"AlignmentObject","alignmentType":"educationalTopic","targetName":"Interest Rate"},{"@type":"AlignmentObject","alignmentType":"educationalSubject","targetName":"Banking And Insurance"},{"@type":"AlignmentObject","alignmentType":"educationalExam","targetName":"CBSE Class X"}],"name":"Quiz about Interest Rate","about":{"@type":"Thing","name":"Banking And Insurance - Interest Rate"},"hasPart":[{"@type":"Question","eduQuestionType":"Multiple choice","learningResourceType":"Practice problem","educationalLevel":"intermediate","name":"Question About Interest Rate","text":"The interest rate below which banks cannot lend is called:","encodingFormat":"text/markdown","comment":{"@type":"Comment","text":"\"\""},"suggestedAnswer":[{"@type":"Answer","position":0,"encodingFormat":"text/markdown","text":"

Repo rate

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":1,"encodingFormat":"text/markdown","text":"

Base rate

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":2,"encodingFormat":"text/markdown","text":"

Statutory rate

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":3,"encodingFormat":"text/markdown","text":"

Reverse Repo rate

","comment":{"@type":"Comment","text":"\"\""}}],"acceptedAnswer":{"@type":"Answer","position":1,"encodingFormat":"text/markdown","text":"

Base rate

","answerExplanation":{"@type":"text","text":"The base rate is the minimum interest rate set by a bank below which it cannot lend to customers, except in specific cases such as for agricultural loans or government schemes."},"comment":{"@type":"Comment","text":"\"\""}}}]}

The interest rate below which banks cannot lend is called:

The Correct Option is B

Solution and Explanation

Questions Asked in CBSE X exam