2023
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Municipal bond of India has been selected by the US Treasury for a case study on the successful listing?
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Vadodara
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Pune
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Lucknow
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Indore
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Explanation:
Detailed explanation-1: -Treasury Bonds: What Are the Differences? Municipal bonds and treasury bonds are both interest-paying debt securities issued by governments, but while treasury bond interest income is subject to federal tax, municipal bond interest income is not.
Detailed explanation-2: -"The launch of Green Bond issue by Indore Municipal Corporation is a great example of cooperative federalism & depth of local governance model in India, ‘’ Ashishkumar Chauhan, MD & CEO, NSE, said.
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