BANK Central Bank of India Apprentice Topic Tests 2023 General Knowledge Economy National Income Accounting
Which one of the following best describes the term "Marginal Cost of funds based lending rate (MCLR)" sometimes seen in news?
1
The optimum interest rate of a bank loan that is profitable to the borrowers.
2
The minimum interest rate of a bank below which it cannot lend.
3
The interest at which RBI lends money to the commercial banks.
4
The interest RBI pays to the commercial banks for their deposits with the RBI.
5
None of the above