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

      Solution

      Entities incorporated in "High-Risk Jurisdictions" identified by the FATF, along with branches/subsidiaries of entities incorporated in India, are excluded and not allowed to participate.

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