Question

Under the Scheme for Trading and Settlement of Sovereign Green Bonds in the IFSC, which of the following entities is explicitly EXCLUDED from investing?

A Persons resident outside India as defined under FEMA
B IFSC Banking Units (IBUs) belonging to an Indian bank
C Entities incorporated in "High-Risk Jurisdictions" identified by the FATF
D Operating, licensed subsidiaries of foreign banks running businesses inside mainland India
E Non-resident institutional investors
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