Civil Services UPSC Mock Test Series 2025 (Prelims + Mains) 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.