The RBI fixed average base rate at what percent for NBFCs and MFIs?

1. 

The RBI fixed average base rate at what percent for NBFCs and MFIs?
[A]. 8.05%
[B]. 7.81%
[C]. 7.50%
[D]. 8.00%

Answer: Option B

Explanation:

According to the Reserve Bank, the average base rate that's charged by NBFC-MFIs from borrowers for the next quarter will be 7.81 per cent.

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