📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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.

    Practice Next
    More Alternate Sources of Finance Questions

    Relevant for Exams:

    ask-question