Question

In MCLR, what does M stand for?

A Money Correct Answer Incorrect Answer
B Margin Correct Answer Incorrect Answer
C Marginal Correct Answer Incorrect Answer
D Monetary Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

MCLR - Marginal Cost of Funds Based Lending Rate. It refers to the minimum interest rate below which financial institutions cannot do the lending, except in certain cases.

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