2026 · Q20
Match List-I with List-II and select the correct answer using the code given below the Lists :
List-I
(Interest Rate System of the RBI)List-II
(Year of Introduction)A. Marginal Cost of Funds based Lending Rate1. 2003B. Base Rate2. 2019C. External Benchmark Lending Rate3. 2016D. Benchmark Prime Lending Rate4. 2010Code :
indian-polity-economybanking-finance
- AA-3, B-2, C-4, D-1
- BA-3, B-4, C-2, D-1
- CA-1, B-4, C-2, D-3
- DA-1, B-2, C-4, D-3
Explanation
The correct chronology of RBI interest-rate systems is: Benchmark Prime Lending Rate (BPLR) in 2003, Base Rate in 2010, Marginal Cost of Funds based Lending Rate (MCLR) in 2016, and External Benchmark Lending Rate (EBLR) in 2019. That gives A-3, B-4, C-2, D-1, which is option B.