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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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