India Development Bond was issued in 1991-92 by.....

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

India Development Bond was issued in 1991-92 by____

A	SBI
B	RBI
C	UTI
D	NHB

Explanation:

Detailed explanation-1: -A state development bond is a debt security where state government issues to finance their needs. When the state government requires funds for infrastructure development and financing government spending, they issue SDLs. The state government will sell these bonds to the public, inviting investments.

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