2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which city became the second municipal body to issue Green Bond?
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Gwalior
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Jabalpur
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Indore
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Bhopal
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Explanation:
Detailed explanation-1: -The Indore Municipal Corporation (IMC) has become the first civic body in India to launch an IPO (Initial Public Offering), and the IMC’s ‘green bond’ oversubscribed by 5.42 times on its opening yesterday, garnering Rs 661.52 crore.
Detailed explanation-2: -The bond is being issued by the Indore Municipal Corporation which has a good credit rating so in that case it is not a cause for concern. Second, the actual rate is 8.25% but there are two choices. If you take out the interest in the form of a payout, your rate of return remains 8.25%.
There is 1 question to complete.