Recently high level goverment appointed committee has suggested to issue 39 Elephant Bond 39 which o...........

Economic Affairs Financial Markets

Recently, high level goverment appointed committee has suggested to issue 'Elephant Bond', which of the following is/are correct regarding the bond?

1. It is a sovereign bonds in which people declaring undisclosed income will be bound to invest 50 per cent.

2. The fund, made from these bonds, will be utilized only for infrastructure projects.

Choose the correct answer using the codes below:

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master Financial Markets

Prepare through Micro-courses

Try Now

Explanation:

Elephant Bonds are the 25-year sovereign bonds in which people declaring undisclosed income will be bound to invest 50 per cent. The fund, made from these bonds, will be utilized only for infrastructure projects. It has been suggested by a high level government-appointed committee chaired by the renowned economist, Dr Surjit S Bhalla, on trade and industry .