Which Among the Following Is Correct Regarding BPLR or Bench

question 7

Multiple Choice

Which among the following is correct regarding BPLR or bench mark prime lending rate?

• A)It is lowest interest rate below PLR charged by a bank from the best customer of the financial year
• B)It is highest interest rate above PLR charged by a bank from the any customer of the financial year
• C)Both (a) & (b)
• D)None of the above

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Definitions:

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossible) and 1 (certain).

Babies Born

Refers to the count or statistics related to the birth of infants within a specific time frame or area.

Independent Events

Two or more events where the occurrence of one does not affect the probability of the others.

Probability

The likelihood of an event happening, ranging from 0 (impossible event) to 1 (certain event).