Which of the following Municipal corporations in India has signed an MoU with UNDP to create India 3...........

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Which of the following Municipal corporations in India has signed an MoU with UNDP to create India's first social impact bond?

This questions was previously asked in

IBPS PO Mains (04 Feb, 2021)

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Pimpri Chinchwad

Jalandhar

Jaipur

Rourkela

Kanpur

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Explanation:

- Option 1: Pimpri Chinchwad

- Pimpri Chinchwad Municipal Corporation (PCMC) partnered with the United Nations Development Programme (UNDP) to launch India’s first Social Impact Bond.

- A Social Impact Bond is a financial instrument where funds are raised to achieve social outcomes, with returns linked to the success of those outcomes.

- Option 2: Jalandhar

- There are no publicly available records indicating that Jalandhar Municipal Corporation signed an MoU with UNDP to create a Social Impact Bond.

- Option 3: Jaipur

- Jaipur has not signed an MoU with UNDP for a Social Impact Bond.

- Option 4: Rourkela

- Rourkela Municipal Corporation has no records of creating a Social Impact Bond with UNDP.

- Option 5: Kanpur

- Similar to others, Kanpur has not been reported to engage with UNDP for such an initiative.

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