Banking Awareness - Banking Acts, Reforms & Risk Management
Which lending rate mechanism was in place immediately before the introduction of MCLR?
Which lending rate mechanism was in place immediately before the introduction of MCLR?
easy Q3 of 15
Step-by-Step Solution
Step 1: Recall the sequence of lending benchmarks
PLR was replaced by Base Rate.Step 2: Identify the next reform
MCLR replaced the Base Rate system.Final Answer:
Base Rate → Option CQuick Check:
Base Rate came just before MCLR ✅
Quick Trick: PLR → Base Rate → MCLR.
Common Mistakes:
MISTAKES- Thinking MCLR replaced repo rate.
Master "Banking Acts, Reforms & Risk Management" in Banking Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Banking Awareness Quizzes