BANK MP Cooperative Bank Clerk and Committee Manager Mock Test General Knowledge Economy Money and Banking
Consider the following statements regarding External Benchmark Lending Rates (EBLR)
1. It replaces the existing MCLR system.
2. According to it, banks must link all new floating rate loans to an external benchmark like Repo rate or 3-month or 6-month treasury bill yield
3. Any other benchmark published by the Financial Benchmarks India Ltd (FBIL) can also be used.
4. The new regime will only apply to banks.
Which of the statements given above is/are correct?
1
1 and 3 only
2
1 and 4 only
3
3 and 4 only
4
1 and 2 only
5
All of the above