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    Question

    The Mumbai Interbank Bid Rate (MIBID) is administered by

    which among the following?
    A Reserve Bank of India Correct Answer Incorrect Answer
    B SEBI Correct Answer Incorrect Answer
    C National Payment Corporation of India Correct Answer Incorrect Answer
    D National Stock Exchange Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    MIBID is the rate of interest in which funds are borrowed by banks from the other banks. It is mainly the average rate of interest at which term deposits are offered between the prime banks in the money market of the country. It is always lower than the Mumbai Interbank Offer Rate. It was launched by the National Stock Exchange in 1998 and is determined by NSE. 

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