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    Question

    Which of the following statements is False regarding

    Municipality Bonds?
    A Municipal bond is a debt instrument issued by municipal corporations. Correct Answer Incorrect Answer
    B The funds are utilized for socio-economic development through building bridges, schools, hospitals, providing proper amenities etc. Correct Answer Incorrect Answer
    C Lucknow has become the first city to issue such bonds. Correct Answer Incorrect Answer
    D Municipal Bonds have to be registered with certain Stock exchange. Correct Answer Incorrect Answer
    E SEBI is the regulatory authority over such bonds. Correct Answer Incorrect Answer

    Solution

    All the statements are True except the Statement “C”. Recently, Lucknow has become the first city in north India and ninth city in India to have raised funds by issuing municipal bonds.

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