MCLR stands for: MCQ with Answer and Explanation

Question

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MCLR stands for:

A. Market Controlled Lending Rate

B. Minimum Cost of Lending Rate

C. Marginal Cost of Funds based Lending Rate

D. Maximum Cost of Lending Rate

Answer: Option C

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 'Silver Revolution' in India is associated with:

A. egg and poultry

B. wool

C. milk

D. fish

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Correct Answer: Option A

Explanation:
The Silver Revolution is associated with egg and poultry production.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Maternity Benefit Act' was enacted in India in which year?

A. 1956

B. 1972

C. 1961

D. 1976

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Correct Answer: Option C

Explanation:
The Maternity Benefit Act was enacted in 1961.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'standing deposit facility' was introduced by RBI as a tool for:

A. export finance

B. lending to banks

C. long-term investment

D. absorbing liquidity without collateral

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Correct Answer: Option D

Explanation:
Standing Deposit Facility allows RBI to absorb liquidity from banks without providing collateral.

This question belongs to: Economy GK Economy Set 1

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