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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.
Who presided over the Indian National Congress session held in Belgaum (now Belagavi) in 1924?
In which location did Jawaharlal Nehru proclaim Poorna Swaraj or complete independence for India?
Which of the following statements in the context of the National Commission for Backward Classes (NCBC) is not correct?
NITI Ayog stands for?
Consider the following statements regarding prerogative writs:
1. Writs can be issued against private and public authorities.
2. High Cour...
Which of the following was previously a fundamental right but is now only a legal right under the Indian Constitution?
When did the Cabinet Mission come to India?
Who acts as the Ex-officio chairman of the Rajya Sabha?
Consider the following statements about PM-CARES Fund:
1. Prime Minister is the ex-officio Chairman of the PM-CARES Fund.
2. The fund has ...
Which Article of the Indian Constitution specifies the process for electing the Vice President?