ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    The first ever masala bond was issued by:

    A IMF Correct Answer Incorrect Answer
    B International Finance Corporation (IFC) Correct Answer Incorrect Answer
    C ONGC Correct Answer Incorrect Answer
    D HDFC Correct Answer Incorrect Answer
    E RIL Correct Answer Incorrect Answer

    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.

    Practice Next
    More Static GA Questions
    ask-question