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.
The lateral surface area of a cube is 196 cm2 . The length of a cuboid is 50% more than the side of the cube. The breadth of the cuboid is 3 ...
A circular park has an inner radius of 28 metres. A track of width 7 metres surrounds the park. Find the cost of levelling the track at the rate of Rs....
Find the area of a circle whose radius is equal to the edge of a cube whose total surface area is 2,646 cmΒ². (Use Ο = 22/7)
The circumference of a circle is 77 cm and the length of the rectangle is 4 times the radius of the circle. Find the area (in cm2) of the rec...
Find the perimeter of a rectangle whose length is 30 cm more than the side of a square whose perimeter is 64 cm. The breadth of rectangle is 18 cm less ...
The length of a plot is three times its breadth. A playground measuring 150 square metres occupies half of the total area of the plot. What is the lengt...
Find the time taken by a pipe, which releases 94.5 m3 of water in a minute to fill an empty cylindrical tank of radius 12 m and height 14 m. ...
The volume of a solid cube is 729 m3. If whole cube is to be painted at a rate of Rs. 8 per m2, then what will be the cost of pain...
A pipe fills a cubical tank at the rate of 196 m3 per minute in 14 minutes. If a cylindrical tank having height same as the side of a cubical...
A cuboidal room has a length of 28 metres and a width of 16 metres. The volume of air in the room is 2240 cubic metres. What will be the cost of paintin...
