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      Question

      What does C in MCLR stand

      for?
      A Capital Correct Answer Incorrect Answer
      B Cost Correct Answer Incorrect Answer
      C Convertible Correct Answer Incorrect Answer
      D Currency Correct Answer Incorrect Answer
      E Collateral Correct Answer Incorrect Answer

      Solution

      Marginal Cost of Funds based Lending Rate (MCLR) is the minimum lending rate below which a bank is not permitted to lend. MCLR replaced the earlier base rate system to determine the lending rates for commercial banks.

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