Question

Which of the following statements is correct?
A. In case of Forward Rate Agreement there is an exchange of interest rate
B. Forward Rate Agreement is a financial contract between two parties in which the interest for a notional principal amount is exchanged for a specified period with the market interest rate of that time

A a) Only A
B b) Only B
C c) Both A and B are correct
D d) Both A and B are incorrect
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)