Question
The Reserve Bank of India (RBI), based on the
recommendations of the Committee on the MIBOR Benchmark, has proposed replacing the existing MIBOR with a new benchmark rate. What is the name of this new rate?Solution
The Mumbai Interbank Outright Rate (MIBOR) has long been the primary rupee interest rate benchmark in India. However, due to limitations in depth and representativeness, the RBI constituted a Committee on the MIBOR Benchmark, chaired by Shri Ramanathan Subramanian, to review its adequacy. The committee recommended developing a benchmark rate based on secured money markets (covering transactions like basket repos and TREPs). As a result, the RBI proposed introducing the Secured Overnight Rupee Rate (SORR) as the new benchmark. This rate is intended to be more robust, transparent, and reflective of actual secured funding costs.
The founder of Sayyid Dynasty was
The Indus Valley Civilization script is:
Consider the following statements regarding iqta system:
1. Iqtas were administered by Muqtis.
2. Iqtas were made hereditary by Sultan Fir...
Consider the following statements about Ahar civilization-
I.The people of Ahad knew how to smelt copper.
II.These people were not familia...
Which among the following is correct with respect to the Harappan civilization?
1. Ploughing was known to the Harappan people.
2. Fortific...
The oldest evidence of agriculture has been found in the Indian subcontinent-
The remains of an ancient civilization from around 4000 BC were discovered in:
The Mongols under ___________ invaded Transoxiana in north-east Iran in 1219.
Consider the following statements about Rashtrakutas:
1. The posts of the village headmen and village accountant were generally hereditary
Where was the first Jain council convened?Â
Relevant for Exams:
