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 MCLRSolution
1. Marginal Cost of Funds based Lending Rate (MCLR) has replaced the base rate system. 2. Marginal cost of funds is a key component in calculating MCLR. Changes in key rates like repo rate, which alter marginal cost of funds, will impact MCLR. Thus MCLR will help in faster transmission for monetary policy 3. MCLR is a tenure-based benchmark, not a single rate. Banks have to publish at least five MCLR rates across the overnight, one-month, three-month, six-month and one-year tenures. 4. The final lending rate offered by the banks is arrived at by adding the 'spread' to the MCLR rate. 5. All floating rate loans are linked to MCLR. 6. Existing borrowers with loans linked to base rate can continue with them till maturity or switch to the MCLR system. However, once a borrower opts for MCLR, they can't switch back.
India’s first greenfield grain based ethanol production plant inaugurated in ………………….
The Government of India is implementing ‘Bhartiya Prakritik Krishi Padhati’ (BPKP) as a sub scheme under which of the following?
The scientific study of diseases in plants, identification of the pathogen and their management is known as
Which among the following is/are components of Green Revolution?
A. The Chemical Fertilizers
B. The HYV Seeds
C....
Consider the following statements regarding Sugarcane Industry in India:
1. It is a Weightloose industry.
2. Maharashtra is the largest su...
Which of the following hormones produces seedless fruits?
Which country is leading in sugarcane production?
Prime Minister Narendra Modi released the …………………… installment of financial benefit worth Rs 16,000 crore to over 11 crore eligible farm...
e-National Agriculture Market (e-NAM) was launched in the year___
Total foodgrain production in the country is estimated at 149.92 million tonnes which is higher by………………… than t...