Question
In the term MCLR, introduced by the Reserve Bank of
India to replace the base rate system, what does the letter “L” stand for?Solution
• MCLR stands for Marginal Cost of Funds based Lending Rate. • It represents the minimum lending rate below which banks are not allowed to lend (except in specific cases permitted by RBI). • Introduced in April 2016, MCLR replaced the earlier Base Rate system to improve monetary policy transmission. • The framework links lending rates more closely with the marginal cost of funds (such as repo rate, deposit rates, and operating costs). Hence, in MCLR, the “L” stands for Lending.
In his writings Kalidasa refers "Gauri Guru" to which of the Garhwal Himalayas ?
Match the following
Shiv Kumar Sharma who passes away recently was a:
Match List – 1 and List – 2 and select the correct answer by using the code given below the list.
Which of the following statements is incorrect regarding the objectives of the CDP Suraksha scheme?
1. CDP Suraksha aims to improve exports of ta...
Siddheshvara Mahadeva temple in Bengal depicts the architecture of which dynasty?
According to the latest Periodic Labour Force Survey (PLFS), India's unemployment rate of 3.2% represents:
How big are red blood cells in diameter?
Who was the fourth President of India?
Recoveries of loans and advances, borrowings, are an example of ________.
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