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
/Static GA
/What is MIBOR? ...

Question

What is MIBOR?

A Mobile Interface Banking Operations and Regulation Correct Incorrect

B Money Interface Banking Optimisation Ratio Correct Incorrect

C Mumbai Index for Banking Organisations and Repayment Correct Incorrect

D Mumbai Interbank Offer Rate Correct Incorrect

E None of these Correct Incorrect

Detailed 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 Static GA Questions

How many States in India are Landlocked (sharing no boundaries including water with other neighbouring countries)
Which of the following qualities is different (inconsistent) from the rest?
Which country recently surpassed Saudi Arabia to become top oil supplier of India?
What was the theme of International Design Day 2025?
Exercise Varuna is a bilateral naval exercise conducted between India and which country?
Who wrote 'Mudrarakshasa'?
How many sugar mills in the private sector are operational in Uttarakhand for the year 2022-23?
When was the Gujarat Vernacular Society, known for promoting Gujarati literature, established?
The National Green Tribunal Act 2010 is related to:
Which Indian athlete won the gold medal at the Archery World Cup 2025 Stage 1?

Hey! Ask a query

Please enter email id The email must be a valid email address.

Please enter Mobile Number Please enter valid Mobile Number

Please enter your Doubt

Thank You for posting your query. Please check your email for further guidance.

What is MIBOR?

Detailed Solution

More Static GA Questions

Hey! Ask a query

Please Register/Login