Answer-What is the purpose of the Reserve Bank of India (RBI) introducing a Fully Accessible Route (FAR) fo...

Q: Answer-What is the purpose of the Reserve Bank of India (RBI) introducing a Fully Accessible Route (FAR) fo...

The Reserve Bank of India RBI has announced a fully accessible route FAR for investments by non-residents in sovereign green bonds to be issued during the current financial year. Earlier, sovereign green bonds issued during 2022-23 were included in the FAR list. It has now been decided to also designate all Sovereign Green Bonds issued by the Government in the fiscal year 2023-24 as specified securities under the FAR. The government plans to borrow Rs 20,000 crore through green bonds in the current financial year.

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Question

What is the purpose of the Reserve Bank of India (RB

I introducing a Fully Accessible Route (FA
R for investments in sovereign green bonds?

A To encourage non-residents to invest in green bonds Correct Incorrect

B To restrict investments by non-residents in green bonds Correct Incorrect

C To eliminate green bonds from the market Correct Incorrect

D To issue green bonds only to government agencies Correct Incorrect

E None of these Correct Incorrect

Detailed Solution

The Reserve Bank of India (RBI) has announced a fully accessible route (FAR) for investments by non-residents in sovereign green bonds to be issued during the current financial year. Earlier, sovereign green bonds issued during 2022-23 were included in the FAR list. It has now been decided to also designate all Sovereign Green Bonds issued by the Government in the fiscal year 2023-24 as ‘specified securities’ under the FAR. The government plans to borrow Rs 20,000 crore through green bonds in the current financial year.

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What is the purpose of the Reserve Bank of India (RB

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