GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Resurgent India Bonds were issued in US dollar, Pound Sterling and
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Japanese Yen
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Deutsche Mark
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Euro
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French Franc
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Explanation:
Detailed explanation-1: -Resurgent India Bonds were issued in US Dollar, Pound Sterling and which of the following currencies? Notes: The Resurgent India Bonds (RIBs) are bank instruments issued by SBI representing foreign currency denominated deposits in the form of promissory notes.
Detailed explanation-2: -Finance Minister had announced a scheme of Resurgent India Bonds. State Bank of India has announced the scheme, effective from 5th August 98 as under : Foreign Currency denominated Bonds issued by State Bank of India to NRIs, OCBs and Banks acting in fiduciary capacity on behalf of NRIs/OCBs.
There is 1 question to complete.