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The Reserve Bank of India (RBI) proposed to introduce LCR for non-banking financial companies (NBFCs) with an asset size of ₹5,000 crore and above in 2019. What does the letter "C" stand for in LCR?

1. Coverage
2. Convertible
3. Capital
4. Company

Correct answer: Coverage

Solution

LCR stands for Liquidity Coverage Ratio. In this acronym, the letter C stands for Coverage. It is a regulatory liquidity standard used by banks and NBFCs.

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