Question
Which of the following institution in India is
appointed by the RBI for valuation of portfolios of government securities and state development loans? This will also play a crucial role in deciding the external benchmark linked lending of loans by PSB’s?Solution
The Reserve Bank has appointed the Financial Benchmark India Pvt Ltd (FBIL) for valuation of portfolios of government securities, which earlier used to be done by FIMMDA. FBIL will commence publication of the g-sec (government securities) and SDL (state development loans) valuation benchmarks based on the extant methodology. FBIL would also compute and disseminate the daily reference rate for spot USD/INR and other major currencies against the rupee which used to be done by RBI itself. Banks, non-banking financial companies (NBFCs), primary dealers, co-operative banks and all financial institutions which are required to value government securities as per FIMMDA may use FBIL prices from April 2018 Onwards
What is the primary objective of a "Code of Ethics"?
What is the maximum penalty that can be imposed on a PIO for delay?
Who introduced the term intrapreneur:
The goals motivating entrepreneurial activity can include which of the following options?
Supervision and delegation is a part of which phase of management process?
In public service, "Accountability" implies being answerable to:
Under the RTI Act 2005, information can be denied under which section due to national security reasons?
The ethical concept of "Empathy" in governance is crucial because it enables a public servant to:
“Duty to serve public interest” in ethics refers to:
The philosophical principle of the "Golden Mean" was advocated by:
