📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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

    Practice Next
    More Budget and Economic Survey Questions

    Relevant for Exams:

    ask-question