Question
Which reference rate is likely to get scrapped
completely by the end of year 2021?Solution
LIBOR is likely to be fully withdrawn by the end of the year 2021. RBI has directed the banks to go for alternative reference rates. The Financial Conduct Authority (FCA), UK has announced on March 05, 2021 that LIBOR will either cease to be provided by any administrator or no longer be a representative rate: · Immediately after December 31, 2021, in the case of all Pound sterling, Euro, Swiss franc and Japanese yen settings, and the 1-week and 2-month US dollar settings; and · Immediately after June 30, 2023, in the case of the remaining US dollar settings Therefore, banks and financial institutions and their customers should stop using LIBOR as a benchmark and instead use any widely accepted ARR, as soon as practicable and in any case by December 31, 2021.
FSSAI has constituted ………………..Standard Review Groups for various vertical group of commodities.
Which of the following insect having complete metamorphosis?
The ear cockle disease of wheat occurs in most of the wheat-growing parts of the world. Ear cockle of wheat is caused by
Honeybee are considered as the beneficial insects. The order to which Honeybee belongs to _________.
Who write the book 'I Too Had a Dream'?
All loans under AIF financing facility will have interest subvention of 3% per annum up to a limit of ₹ _____ Lakhs, Financing will be done for ...
Heat exchanger used for pasteurization of milk is/are
Physical condition of soil resulted due to tillage is
Bareja is used for cultivation of
Which of the following pair is not correct?