Current Affairs Question - 24 May 2022
Art & Culture
Megalithic Stone Jars
Recently, in which of the following north-east states, a large number of megalithic stone jars have been discovered?
| A |
Manipur
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| B |
Nagaland
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| C |
Assam
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| D |
Tripura
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Economy Watch
Marginal Cost Of Funds Based Lending Rates (MCLR)
Consider the following statements with reference to the Marginal Cost of Funds based Lending Rates (MCLR):
- MCLR, which came into effect from April 1, 2016, is the minimum rate below which banks are not permitted to lend.
- MCLR is calculated on the basis of Cash Reserve Ratio, marginal cost of funds, tenor premiums and operational cost of the bank.
- If the cost of funds goes up, the MCLR increases, and the loans linked to any MCLR tenor get more expensive.
Which of the statements given above is/are correct?
| A |
1 and 2
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| B |
Only 3
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| C |
2 and 3
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| D |
1, 2 and 3
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