The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the LIBOR. SOFR is a benchmark rate administered by the Federal Reserve Bank of New York (New York Fed) which replaced the USD LIBOR in June 2023. SOFR itself is a backward-looking overnight rate because it is based on overnight transactions in the U.S. Treasury repo market. and is preferable to LIBOR since it is based on data from observable transactions rather than estimated future borrowing rates. While SOFR became the benchmark rate for dollar-denominated derivatives and loans, other countries have sought their own alternative rates, such as SONIA and EONIA.
Ministry of Agriculture and Farmers’ Welfare established SARTHI Portal in collaboration with which of the following organisations?
Which of the following target group is correctly matched with income criteria under PM Daksh scheme?
1. Persons belongin...
What is the primary objective of the Pradhan Mantri Kaushal Vikas Yojana (PMKVY)?
Scheme of Fund for Regeneration of Traditional (SFURTI) comes under the administrtative control of ______.
Which of the following ministry commenced the Socio Economic and Caste Census (SECC) 2011?
Which of the following is/are the objectives of the Smart Cities Mission?
I- To integrate city functions, utilize scarce resources more efficient...
Consider the following statement regarding “Swadhar grah Yojana”;
Which of the following Statements is/are True?
I- A Producer Organisation (PO) is a legal entity by Primary Producers.
II- The role of FPO...
What is the primary objective of the Partnership for Global Infrastructure and Investment (PGII) mentioned in the event?
Which of the following Statements about the National Commission for Women is/are True?
I- It is a Constitutional Body.
II- It was set up i...