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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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