Match List-I with List-II and select the correct answer using the code given below the Lists : Code :List-I
(Interest Rate System of the RBI)List-II
(Year of Introduction)A. Marginal Cost of Funds based Lending Rate 1. 2003 B. Base Rate 2. 2019 C. External Benchmark Lending Rate 3. 2016 D. Benchmark Prime Lending Rate 4. 2010
A-3, B-4, C-2, D-1
The RBI has periodically reformed the interest rate benchmark system used by banks for lending, introducing successive regimes to improve monetary policy transmission.
| List-I (Interest Rate System) | List-II (Year of Introduction) |
|---|---|
| A. Marginal Cost of Funds based Lending Rate (MCLR) | 2016 |
| B. Base Rate | 2010 |
| C. External Benchmark Lending Rate (EBLR) | 2019 |
| D. Benchmark Prime Lending Rate (BPLR) | 2003 |
The Benchmark Prime Lending Rate (BPLR) system was introduced in 2003, followed by the Base Rate system in 2010, then the MCLR system in 2016, and finally the External Benchmark Lending Rate (EBLR) system in 2019 to improve rate transmission.
Hence, the answer is the code A-3, B-4, C-2, D-1.
Similar Questions
Consider the following statements about the Special Drawing Facility (SDF) :
1. It makes provision of short-term loans by the RBI to the State Governments/UT Governments against Government Securities.
2. Interest rate charged by the RBI on it is the same as Repo Rate.
3. It can be availed by the State Governments/UT Governments only after exhausting the normal Ways and Means Advances limit.
Which of the statements given above is/are correct?
Consider the following statements about Ways and Means Advances (WMA) :
1. WMA is a provision in which the Reserve Bank of India provides long-term loans to the State Governments/UT Governments and Central Government.
2. WMA is a provision in which the Reserve Bank of India provides short-term loans to the State Governments/UT Governments and Central Government.
3. WMA was introduced in 1997.
4. Interest rate charged by the RBI on WMA is the same as the bank rate.
Which of the statements given above is/are correct?
Important Questions from Money and Banking
Dr. Urjit Patel, who has been appointed recently as Governor of Reserve Bank of India, was holding which position immediately prior to this appointment?
As per the RBI guidelines, which one of the following is the minimum tenure of Masala Bonds that an Indian company can issue offshore?
______ is a tax system that collects a greater share of income from those with high incomes than from those with lower incomes.
In which year had India's ratio of public debt to GDP gone up to a record 84.2%?
______ is an economic scenario where a peculiar combination of low growth and rising inflation leads to high unemployment.
