HomeTestsSearchRankProfile
mediumMCQSSC CGL2026Indian Economy
1 mark

In August 2017, RBI Constituted an Internal Study Group to study the MCLR. This was done to ________.

  1. A
    to improve corporate policy
  2. B
    to improve monetary policy transmission
  3. C
    to improve business policy
  4. D
    To improve security policy

Solution & Step-by-step Explanation

In August 2017, the Reserve Bank of India (RBI) constituted an Internal Study Group (headed by Janak Raj) to look into the working of the Marginal Cost of Funds Based Lending Rate (MCLR) system in order to improve monetary policy transmission, ensuring bank lending rates respond more efficiently to RBI's policy rate changes.

Practice this question

Try it yourself before checking the explanation above.

In August 2017, RBI Constituted an Internal Study Group to study the MCLR. This was done to ________.
A
to improve corporate policy
B
to improve monetary policy transmission
C
to improve business policy
D
To improve security policy

Share This Question

BankingRBIMonetary PolicyMCLR

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Indian Economy.

Browse TestsLeaderboard

Discussion