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19th-june-quiz

1. With reference to ‘IFC Masala Bonds’, sometimes seen in the news, which of the statements given below is/ are correct?

The International Finance Corporation, which offers these bonds, is an arm of the World Bank.

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:

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

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