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      Question

      What new benchmark has the RBI proposed to replace

      MIBOR for the interest rate derivatives market?
      A Secured Overnight Rupee Rate (SORR) Correct Answer Incorrect Answer
      B Unified Rupee Rate (URR) Correct Answer Incorrect Answer
      C Repo Market Index (RMI) Correct Answer Incorrect Answer
      D Overnight Liquidity Rate (OLR) Correct Answer Incorrect Answer
      E Financial Stability Rate (FSR) Correct Answer Incorrect Answer

      Solution

      SORR is based on secured money markets, such as basket repo and triparty repo, offering a more transparent and accurate benchmark compared to MIBOR.

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