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      Question

      What is the 'Base Rate' system replaced by for new loans

      since 2016?Β 
      A BPLR Correct Answer Incorrect Answer
      B MCLR Correct Answer Incorrect Answer
      C LIBOR Correct Answer Incorrect Answer
      D EBLR Correct Answer Incorrect Answer
      E MIBOR Correct Answer Incorrect Answer

      Solution

      Marginal Cost of Funds based Lending Rate (MCLR) replaced the Base Rate system to ensure better transmission of RBI's policy rates.

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