Table of Content

Start RBI Quiz of 10th – 12th July 2021

Q.1) What does ‘it’ refer to ? 1.It is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans. 2.Due to scandals and questions around its validity as a benchmark rate, it is being phased out.
Q.2) LIBOR is computed for five currencies with seven different maturities ranging from overnight to a year. Which of the following correctly states how LIBOR is determined?
Q.3) Identify the rate talked about below. It is the rate that Indian banks use as a benchmark for setting prices on forward-rate agreements and derivatives. It is a mix of the London Interbank Offered Rate (LIBOR) and a forward premium derived from Indian forex markets.
Q.4) RBI advised banks and financial institutions to assess their LIBOR exposures that would mature after the cessation of LIBOR and also frame a board-approved plan for steps to be taken to address risks arising from the transition. The regulator has now issued a fresh advisory to banks to prepare for the transition. Which of the following is correctly related to these advisory directions? 1.Banks and financial institutions need to cease entering into new financial contracts that reference LIBOR as a benchmark by December 31, 2021. 2.RBI has mandated banks to replace LIBOR and mandatorily use SOFR. 3.The LIBOR cessation aims to avoid disruptions to the safety and resilience of financial institutions and ensure overall financial stability of the economy.

Start PIB Quiz of 10th – 12th July 2021

Q.1) A “Joint Communication” was signed between MoEFCC and MoTA. Why? (1) for harnessing the potential for livelihood improvement of the FDSTs and OTFDs. (2) for more effective implementation of the Forest Rights Act (FRA), 2006. (3) for the benefit of forest conservation and biodiversity.
Q.2) Who inaugurated the online filing of Authorised Economic Operators applications (AEO T2 and AEO T3)?
Q.3) Who created world’s first database of genomic variants of oral cancer named dbGENVOC?
Q.4) The first shipment of Geographical Indication (GI) certified Bhalia variety of wheat was exported to Kenya and Sri Lanka from Gujarat. Bhalia wheat belongs to____:
CEO of Anujjindal.in

About Anuj Jindal


Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 4 years of experience in the field of Education.