Question
Which of the following has replaced the earlier Base
Rate System, for determining lending rates for commercial banks.Solution
- MCLR full form is Marginal Cost of Funds based Lending Rate.
- The Reserve Bank of India (RBI) gives a fixed Internal Reference Rate for banks under it.
- This Interest Rate is used by all banking and non-banking institutions as their minimum interest rate applicable for lending any loan. It has replaced the earlier Base Rate System, which was introduced in the year 2010, for determining lending rates for commercial banks.
Heat stored in water vapour is –
Which of the following statements is true when we see 'rainbow'?
Which material is primarily responsible for the elasticity found in leggings and athletic apparel?
The splitting up of white light into seven colours on passing through a glass prism is called as
A ray of light from the object parallel to principal axis of a concave lens, after refraction appears to diverge from which point on the same side of th...
The instrument for measuring intensity of earthquakes is called –
What is the SI unit for measuring speed?
The hair of shaving brush clings together when removed from water due to –
The instrument which uses sound waves to measure the depth of oceans is –
Which one of the following animals can hear ultrasonic sound?
