Economy

1 question

• 2016 · Question 8 · Financial Markets

  With reference to ‘IFC Masala Bonds’, sometimes seen in the news, which of the statements given below is/are correct? 1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank. 2. They are the rupee-denominated bonds and are a source of debt financing for the public and private sector. Select the correct answer using the code given below.

  Choose your answer

  (a)1 only(b)2 only(c)Both 1 and 2(d)Neither 1 nor 2

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  Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)