Question

Which of the following is correct about MCLR?
i. MCLR is a tenure-based benchmark, not a single rate.
ii. MCLR will help in faster transmission of monetary policy impact
iii. RBI will publish 5 different MCLR indicative rates a bank can choose its rate from that
iv. All floating rate loans are linked to MCLR

A Only i and ii
B Only ii and iii
C Only i, ii and iii
D Only i, ii and iv
E All the above
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