Economics · Banking Sector
What is the Prime Lending Rate (PLR)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate of interest on long-term government bonds.
- 2The rate at which the RBI lends money to commercial banks.
- 3The interest rate on deposits from the public.
- 4The interest rate at which banks lend to their most creditworthy borrowers.✓
Correct answer
The interest rate at which banks lend to their most creditworthy borrowers.
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