General Studies · MSME Regulations
A Micro Enterprise (MSE) raises an issue regarding Delayed Payments against a corporate buyer to the Micro and Small Enterprises Facilitation Council (MSEFC). The legal interest rate that the buyer would be liable to pay if the claim is upheld is linked to the RBI's published:
- 1Repo Rate
- 2Marginal Standing Facility (MSF) Rate
- 3Prime Lending Rate (PLR)
- 4Bank Rate✓
Correct answer
Bank Rate
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