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    Question

    What is the purpose of the RBI's Secured Overnight Rupee

    Rate (SORR)?
    A Enhance international trade settlements Correct Answer Incorrect Answer
    B Replace MIBOR as a transaction-based benchmark Correct Answer Incorrect Answer
    C Promote the use of blockchain in financial markets Correct Answer Incorrect Answer
    D Increase transparency in corporate bond markets Correct Answer Incorrect Answer
    E Facilitate real-time payment settlements Correct Answer Incorrect Answer

    Solution

    SORR is introduced to replace the Mumbai Interbank Offer Rate (MIBOR) with a benchmark based on actual transactions in the money market

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