With reference to lsquo IFC Masala Bonds rsquo sometimes seen in the news which of the statements gi...........

Economic Affairs Financial Institutions

With reference to ‘IFC Masala Bonds’, sometimes seen in the news, which of the statements given below is/are correct?

1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank.

2. They are the rupee-denominated bonds and are a source of debt financing for the public and private sector

Select the correct answer using the codes given below.

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Both statements are correct.

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