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    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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