Press Enter

Share with your friends and help them crack UPSC!

Or Share on

Answer

Correct Option is Masala bond

Solution:Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency. Masala is an Indian word and it means spices. The term was used by the International Finance Corporation (IFC) to evoke the culture and cuisine of India.

Get access to all of our verified questions