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.

    Practice Next

    Relevant for Exams: