37. In India, the interest rates in all the nationalized commercial banks is fixed by

a) Union Ministry of Finance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

b) Union Finance Commission

No worries! We‘ve got your back. Try BYJU‘S free classes today!

c) Indian Banks’ Association

No worries! We‘ve got your back. Try BYJU‘S free classes today!

d) None of the above

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D d) None of the above
D)
Explanation: Interest rates in India have been deregulated.

Suggest Corrections

Similar questions

What is the rate of interest at which the Reserve Bank of India lends money to commercial banks for long period?

Join BYJU'S Learning Program