2019
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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ADB
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World Bank
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IFC
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Detailed explanation-1: -The World Bank, UN Women (a United Nations entity dedicated to gender equality and empowerment of women), and Small Industries Development Bank of India (SIDBI) have come together to launch a five-year tenor women’s livelihood bond (WLB).
Detailed explanation-2: -The WLB Series helps women access affordable credit, micro savings and insurance, agricultural inputs, as well as clean and affordable energy. Capital is provided up-front, allowing women to fund income-generating assets and skills to transition from subsistence to sustainable livelihoods.
Detailed explanation-3: -A social impact bond (also known as a social benefit good or social bond) is a type of financial security that provides capital to the public sector to fund projects that will create better social outcomes and lead to savings. These bonds are a new development in finance.