Question
Consider the following statement about Marginal Cost of
Funds based Lending Rate (MCLR)? I. It is the mechanism of determining commercial bank lending rates. II. It is the minimum lending rate below which a bank is not allowed to lend. III. The MCLR system superseded the previous base rate mechanism. Which of the statement above is/are correct?Solution
The MCLR (Marginal Cost of Funds based Lending Rate) is the minimum lending rate below which a bank is not allowed to lend. The MCLR system superseded the previous base rate mechanism in determining commercial bank lending rates. The MCLR system uses marginal cost of funds, tenor premium, operating costs and cost of carry in CRR to determine the lending rate. The Reserve Bank has imposed a penalty of Rs 27.5 lakh on Punjab & Sind Bank for non-compliance with certain directions issued by it on external benchmark-based lending. A statutory examination of Punjab & Sind Bank revealed non-compliance with the directions, inter-alia, to the extent the bank linked certain floating rate retail loans and floating rate loans to micro and small enterprises, extended by it after October 1, 2019, to MCLR instead of an external benchmark.
The shopkeepers were told (A)/by the police that (B)/goods were being selled(C)/by them at higher prices (D).
Select the correct active form of the given sentence.
The luggage of this train is being carrying by the workers.
Select the correct passive form of the given sentence.
The prisoners have made these paintings.
Select the most appropriate option to replace the bold word in the given Sentence.
She was too startled at first saying something , but finally...
- Select the option that expresses the given sentence in active voice.
That beautiful photograph was clicked by Mark.
... Select the correct Active Voice form of the given sentence.
The charger should be disconnected when the phone is in use.
Select the correct passive form of the given sentence.
Circumstances forced him to accept the menial job.
Choose the option in which the given sentence has been changed into passive voice
I wrote this book
Choose the option that is the passive form of the sentence.
I burnt my hand yesterday while cooking.
Children laughed at the clown.
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