With reference to `Masala Bonds’, sometimes seen in the news, which of the statements given below is/are correct? 1. Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency. 2. It is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. 3. The term was used by the International Finance Corporation (IFC) to evoke the culture and cuisine of India. Select the correct answer using the codes given below: - Study24x7
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With reference to `Masala Bonds’, sometimes seen in the news, which of the statements given below is/are correct? 1. Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency. 2. It is a type of fixed-income instrument that i...

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A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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