Question
The first ever masala bond was issued by:
Solution
The first Masala bond was issued by the World Bank backed International Finance Corporation (IFC) in November 2014. It raised 1,000 crore bond to fund infrastructure projects in India. IFC is a member of World Bank Group. It is an international financial institution that encourages private sector development in developing world.
More Static GA Questions
- Select the number that can replace the question mark (?) in the following series.
24, 28, 37, 53, 78, ? - Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____ - Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___ - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Select the letter-pair that can replace the question mark (?) in the following series?
FK, HM, LQ, RW, ZE, ?
