Question
General Knowledge Question on Economics
Which of the following rates is not decided by the Reserve Bank of India (RBI)?
A
Repo Rate
B
SLR
C
CRR
D
Savings Bank Rate
Answer
Savings Bank Rate
Explanation
Solution
The RBI was established in 1935 to tackle the economic turmoil after World War I. It was nationalized in 1949 and became a member of the Asian Clearing Union in the same year.
The correct option is (D): Savings Bank Rate