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.
A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
Answer & Solution
Correct answer: A. 1 only
UPSC CSE Prelims 2016 (GS-I, Set A), Q.8. Answer key: A (coaching consensus; UPSC did not publish an official 2016 AK separately on upsc.gov.in).
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