Question
What is the purpose of the RBI's Secured Overnight Rupee
Rate (SORR)?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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A cistern A has 270 litres of a milk–water mixture in the ratio 6:x. If 56 litres are withdrawn and mixed with 8 litres of water in another vessel B, ...
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Container 'P' has 180 litres of a water–soda mixture in the ratio 3:2. 25% of this mixture is shifted to container 'Q', which already contains 19 litr...
A mixture containing 350 liters has milk and water in a ratio of 4:3. If 40 liters of milk and 'x' liters of water are added to it, the new ratio of mil...
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