Question

Which of the following statements is False regarding Municipality Bonds?

Q: Answer-&lt;p&gt;Which of the following statements is False regarding Municipality Bonds?&lt;/p&gt;

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

A Municipal bond is a debt instrument issued by municipal corporations.

B The funds are utilized for socio-economic development through building bridges, schools, hospitals, providing proper amenities etc.

C Lucknow has become the first city to issue such bonds.

D Municipal Bonds have to be registered with certain Stock exchange.

E SEBI is the regulatory authority over such bonds.

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Which of the following statements is False regarding Municipality Bonds?

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