Which of the following rate is charged by banks to their most creditworthy customers?1). Prime Lending Rate2). Statutory Liquidity Rate 3). Bank Rate4). Repo Rate

Which of the following rate is charged by banks to their most creditwo

1.	Which of the following rate is charged by banks to their most creditworthy customers?1). Prime Lending Rate2). Statutory Liquidity Rate 3). Bank Rate4). Repo Rate
Answer» The prime lending RATE is the rate at which banks lend to their most creditworthy customers, including large CORPORATIONS. It is often USED as a benchmark for other loans LIKE credit card and small-business loans.