The Reserve Bank sets the average base rates of NBFC-MFI. It is;
Options
A. 8.15%
B. 9.21%
C. 8.81%
D. 9.52%
Correct Answer
9.21%
Explanation
The Reserve Bank set the average base rate to be charged from borrowers by non-banking financial companies (NBFCs) and micro-finance institutions (MFIs) at 9.21% for the first quarter of the next fiscal (April-June). The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.
More questions
1. Union Government signed USD 350 million loan agreement with which financial organisation for road projects in Madhya Pradesh?
2. The film, 'Pele: Birth of a Legend', is featured in the initial list of Oscar nomination for two categories Best Original Score and Original Song category. Which song from the movie has been selected as one of the nomination contenders?
5. The world's largest open air theatre, 11-days Bargarh Dhanu Yatra that concluded in second week of January 2017 with the death King Kansa at the hands of his nephew Lord Krishna is held in which state?
The annual London Indian Film Festival (LIFF) opens today with the red-carpet world premiere of Hollywood-cum-Bollywood starrer "Love Sonia", a film by the Oscar-nominated producer of "Life Of Pi", David Womark. This year, there is also a special cinematic tribute to Bollywood star Sridevi, who died suddenly in February, with a screening of her 1987 box-office hit "Mr India". Another tribute screening is UK-based filmmaker Sangeeta Dutta's docu-feature "Bird of Dusk", in memory of the late Rituparno Ghosh.
7. Famous HIV/AIDS researcher Mark Wainberg passed away recently. He belonged to which country?
Indian women's hockey team defeated Malaysia by a solitary goal and won by 4-0 in the 5-match bilateral series held in Kuala Lumpur, Malaysia. India won with the help of Navjot Kaur's fine field goal in the 35th minute with a good defensive display. In the 5-match bilateral series, India won by 3-0, 5-0, draw 4-4 and win the last two matches 1-0 respectively.
10. The Union Cabinet approved the signing of a new Air Services Agreement with this country recently.