Consider the following statements regarding Green Masala Bond 1 It is rupee denominated bond issued ...........

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Consider the following statements regarding Green Masala Bond

1.It is rupee-denominated bond issued in the overseas market to raise money to fund green projects.

2.It was launched by the United Nation Environment Programme to fund green projects in developing countries.

Select the correct answer using the codes given below:

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

1 only

It is a rupee-denominated bond issued in the overseas market to raise money to fund green projects.

This statement is correct. Green Masala Bonds are rupee-denominated bonds issued in international markets to raise funds for environmentally friendly or green projects.

It was launched by the United Nations Environment Programme to fund green projects in developing countries.

This statement is incorrect. Green Masala Bonds are typically issued by corporations or financial institutions to fund their own green projects. The United Nations Environment Programme is not the issuer of these bonds.

Therefore, the correct option is 1 only.