Civil Services UPPSC RO ARO 2024-25 Mock Tests Series Current Affairs Business and Economy Economic and Financial Affairs
In the context of the Indian financial market, which of the following statements best describes "MIBOR"?
1
It is the interest rate at which banks borrow secured funds from one another in the Indian interbank market.
2
It was first introduced by the National Stock Exchange (NSE) in 1998 and is published daily by Financial Benchmarks India Pvt. Ltd. (FBIL).
3
It is computed based on trades executed on the Negotiated Dealing System or NDS-Call system in the last hour of the trading day.
4
It is unaffected by the low trading volume in the call money market, making it stable and free from volatility.