MCLR stands for: MCQ with Answer and Explanation

Question

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MCLR stands for:

A. Market Controlled Lending Rate

B. Marginal Cost of Funds based Lending Rate

C. Maximum Cost of Lending Rate

D. Minimum Cost of Lending Rate

Answer: Option B

Solution (By JKSSB Mock Tests)

MCLR is the Marginal Cost of Funds based Lending Rate used by banks to set lending rates.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Foreign Direct Investment' limit in defence sector was increased to what percentage through the automatic route?

A. 74%

B. 49%

C. 100%

D. 26%

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Correct Answer: Option A

Explanation:
FDI in defence under automatic route is allowed up to 74%, with higher under government route.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'big push theory' of development was proposed by:

A. W.W. Rostow

B. Paul Rosenstein-Rodan

C. Arthur Lewis

D. Amartya Sen

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Correct Answer: Option B

Explanation:
The big push theory was proposed by Paul Rosenstein-Rodan.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a characteristic of a public enterprise?

A. Ownership and control by private individuals

B. Profit maximisation as the sole objective

C. Ownership and control by the government

D. Absence of social objectives

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Correct Answer: Option C

Explanation:
Public enterprises are owned and controlled by the government and often pursue social objectives along with commercial ones.

This question belongs to: Economy GK Economy Set 1

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