Answer-What is MIBOR?

Q: Answer-What is MIBOR?

MIBOR Mumbai Interbank Offer Rate is the rate at which banks borrow unsecured funds from one another in the interbank market. National Stock Exchange NSE launched the Mumbai Interbank Offer Rate MIBOR and Mumbai Interbank Bid Rate MIBID in June, 1998. The NSE developed a benchmark rate for the term money market, like the 14-day, 1-month and 3-month MIBOR. The same was later named as FIMMDA-NSE MIBIDMIBOR rate in due course. The rate is representative of 30 banks and primary dealers.

Home
Questions
General Awareness
Economy and Banking and Finance Static Concepts
What is MIBOR?

Question

What is

MIBOR?

A 1) Mobile Interface Banking Operations and Regulation Correct Answer Incorrect Answer

B 2) Money Interface Banking Optimisation Ratio Correct Answer Incorrect Answer

C 3) Mumbai Index for Banking Organisations and Repayment Correct Answer Incorrect Answer

D 4) Mumbai Interbank Offer Rate Correct Answer Incorrect Answer

E 5) None of these Correct Answer Incorrect Answer

Solution

MIBOR (Mumbai Interbank Offer Rate) is the rate at which banks borrow unsecured funds from one another in the interbank market. National Stock Exchange (NSE) launched the Mumbai Interbank Offer Rate (MIBOR) and Mumbai Interbank Bid Rate (MIBID) in June, 1998. The NSE developed a benchmark rate for the term money market, like the 14-day, 1-month and 3-month MIBOR. The same was later named as FIMMDA-NSE MIBID/MIBOR rate in due course. The rate is representative of 30 banks and primary dealers.

Practice Next

More Economy and Banking and Finance Static Concepts Questions