BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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International Union for Housing Finance (IUHF)
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International Finance Corporation (IFC)
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International Finance Organisation (IFO)
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Public Finance International (PFI)
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Detailed explanation-1: -IFC $2.5 Billion Rupee Bond Program to Fund India Infrastructure Projects. September 8, 2014–IFC announced a $2.5 billion equivalent onshore rupee bond program in August that will finance infrastructure projects at a time when India has made infrastructure development top priority.
Detailed explanation-2: -IFC has a leading role in financing infrastructure projects in India and advising client governments on public-private partnerships. We finance infrastructure projects with equity and debt financing from own account and mobilize additional funding for projects.
Detailed explanation-3: -1.1 India is a founder Member 1.2 India Shareholding and Voting Power: 1.3As of November, 2012, India holds 81, 342 shares of IFC, which represents 3.43% of IFC’s subscribed share capital.
Detailed explanation-4: -The International Finance Corporation or IFC, is the private sector arm of the World Bank Group and shares its mission to reduce global poverty.
Detailed explanation-5: -Masala bonds are rupee-denominated bonds. In India, the first Masala bond was issued by the World Bank-backed IFC in November 2014, and it raised Rs. 1, 000 crore bond to fund infrastructure projects in India.