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    Question

    RBI asked banks to switch to MCLR from the Base Rate

    regime, because MCLR is helpful in? i. Quicker transmission of monetary policy ii. Bringing transparency in the loan pricing of the banks iii. Availability of bank credit at competitive interest rate iv Meeting priority sector lending targets of the bank
    A Only i and ii Correct Answer Incorrect Answer
    B Only i, ii and iv Correct Answer Incorrect Answer
    C Only i, ii and iii Correct Answer Incorrect Answer
    D Only i, iii and iv Correct Answer Incorrect Answer
    E All the above are correct Correct Answer Incorrect Answer

    Solution

    MCRL is not related to priority sector lending.

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