Question
The Reserve Bank of India has announced plans to shift
away from the MIBOR benchmark. Which of the following represents the new benchmark rate proposed by RBI, derived from secured money market transactions such as basket repo and TREP?Solution
To strengthen India’s interest rate benchmark framework, the RBI constituted the Committee on the MIBOR Benchmark, chaired by Shri Ramanathan Subramanian. The committee recommended replacing the Mumbai Interbank Outright Rate (MIBOR) with a more robust benchmark based on secured market transactions. Accordingly, RBI proposed the Secured Overnight Rupee Rate (SORR), which is derived from secured money market instruments like basket repos and TREPs. This benchmark is expected to: • Improve transparency and reliability, • Reduce dependence on unsecured market rates, and • Align India’s financial markets with global best practices.
Calculate cost of goods sold from the following figures:
Opening stock = Rs. 3,500
Purchases = Rs. 21,000
Closing stock = Rs. 2,500
Which of the following statements about a Ceding Company in insurance is true?
ABC sports material manufacturing company budgeted the following data for the coming year:
Sales (1,00,000 units) = ₹1,00,000
Variable c...
Which of the following statement is not true with regards to a bearer plant as per IND AS 16:
For an Asset Reconstruction Company (ARC), after how many days of overdue does a receivable get classified as a Non-Performing Asset (NPA) in its books?
Which section deals with TDS on cash withdrawals?
When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called
Goodwill is considered as:
Read the following information to answer the below questions:Â
What is the primary function of the National Payments Corporation of India (NPCI)?
Relevant for Exams:
