What is the full form of "PLR"?
A. Profit Lending Rate
B. Prime Lending Rate
C. Private Lending Ratio
D. Profit Liability Return
Answer: Option B
Solution(By Examveda Team)
The prime rate (prime) is the interest rate that commercial banks charge their most creditworthy customers, generally large corporations. The prime interest rate, or prime lending rate, is largely determined by the federal funds rate, which is the overnight rate that banks use to lend to one another. Prime forms the basis of or starting point for most other interest rates-including rates for mortgages, small business loans, or personal loans-even though prime might not be specifically cited as a component of the rate ultimately charged.Related Questions on Business Abbreviations
What is the full form of "B2C"?
A. Business Consortium
B. Bank to Consumer
C. Banking to Commodity
D. Business to Consumer
What is the full form of "SEBI"?
A. Sales Exchange Board of India
B. Sales Enterprise Business Inflation
C. Security Board of India
D. Securities and Exchange Board of India
What is the full form of "PLR"?
A. Profit Lending Rate
B. Prime Lending Rate
C. Private Lending Ratio
D. Profit Liability Return
What is the full form of "OPEC"?
A. Organisation of Petroleum Exporting Countries
B. Average Annual Growth Rate
C. Sensitivity Index
D. Indian Oil Corporation
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