What is/are the purpose/purposes of the `Marginal Cost of Funds based Lending Rate (MCLR) announced by RBI?1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.Select the correct answer using the code given below.

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General Studies 2016
Q:18

What is/are the purpose/purposes of the `Marginal Cost of Funds based Lending Rate (MCLR) announced by RBI?
1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.
2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.
Select the correct answer using the code given below.

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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What is/are unique about ‘Kharai camel’, a breed found in India?
1. It is capable of swimming up to three kilometres in seawater.
2. It survives by grazing on mangroves.
3. It lives in the wild and cannot be domesticated.
Select the correct answer using the code given below.

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