What is the full form of IRR as used in banking/financial sector?

Internal Rate of Return

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Internal Revaluation Reserve

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Investment Reserve Ratio

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Internal Risk Return

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Solution

The correct option is B Internal Rate of Return
Internal Rate of Return (IRR) or Economic Rate of Return (ERR) is a rate of return used in capital budgeting to measure and compare the profitability of investments. The calculation of IRR is generally complicated but can be simplified using various assumptions. The Net Present Value (NPV) of the project is required to calculate the IRR in many circumstances.

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