Financial Markets: MIBID and MIBOR
XAT 2019 · General Knowledge · Medium · General Knowledge
The Mumbai Interbank Bid Rate (MIBID) and the Mumbai Interbank Offer Rate (MIBOR) are yardsticks that control which of the following financial markets?
- A.
FOREX markets
- B.
Commodities markets
- C.
Derivatives market
- D.
Insurance market
- E.
Call Money market
Answer
E
Explanation
MIBID and MIBOR are benchmark interest rates for the Indian call money market.
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