2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank issued the ‘Sovereign Green Bond’ for the first time for green projects?
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SBI
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PNB
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RBI
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ICICI
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Explanation:
Detailed explanation-1: -Reserve Bank of India (RBI) held its first auction of Sovereign Green Bonds (SGrBs), with a total value of Rs 8, 000 crore on 25 January.
Detailed explanation-2: -Green bonds, popularly known as climate bonds, are fixed interest-bearing financial instruments issued by any sovereign entity / inter-governmental organisation /corporation. The Reserve Bank of India (RBI) recently auctioned its maiden sovereign green bonds worth ₹8, 000 crore.
Detailed explanation-3: -The Government of India issued its first Sovereign Green Bond on January 25, 2023. Proceeds of SGrBs will be deployed in public sector projects which help reduce the carbon intensity of the economy.
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