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    Question

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

    since 2016?Ā 
    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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