3506: 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.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
3507: Which of the following is cold ocean current?
(a) Labrador
(b) Gulf Stream
(c) Kuro Shio
(d) None of these
3508: Elephant Pass, which is frequently in the news, is mentioned in the context of the affairs of which one of the following?
(a) Nepal
(b) India
(c) Sri Lanka
(d) Bangladesh
3509: The first political association in the Bombay Presidency was established by:
(a) Gopal Krishna Gokhale in 1905
(b) S. N. Bannerjee in 1894
(c) Dadabhai Naoroji in 1852
(d) Annie Besant in 1924
3510: The objective of the Morley-Minto Reforms was to
(a) Establish dyarchy in Provinces
(b) Abolish the post of Secretary of State for India
(c) Extension of Provincial Assemblies
(d) Give more powers to local government