Question

With reference to the sovereign green bonds’ framework, consider the following statements:          
I.             Green bonds are financial instruments that generate funds for investment in environmentally sustainable and climate-suitable projects.        
II.             The proceeds will be deposited to the Public Accounts of India in line with the regular treasury policy.      
III.             Green bonds command a relatively lower cost of capital compared to regular bonds. Which of the above statement is/are not correct?

A Only I
B Only II
C Only I and II
D Only II and III
E I, II and III
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