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    Question

    Which of the following states is the first to issue

    Masala Bond?
    A Tamil Nadu Correct Answer Incorrect Answer
    B Kerala Correct Answer Incorrect Answer
    C Andhra Pradesh Correct Answer Incorrect Answer
    D Goa Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Masala Bonds were introduced in India in 2014 by International Finance Corporation (IFC). The IFC issued the first masala bonds in India to fund infrastructure projects. Indian entities or companies issue masala bonds outside India to raise money.

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