Which of the following is not a correct statement with respect to Masala Bonds? 

Which of the following is not a correct statement with respect to Masala Bonds? 

[A] They allow Indian companies to raise overseas debts in Indian currency

[B] Interest Payment on Masala Bonds is in Indian Rupee

[C] Most popular market for Masala Bonds is New York currently

[D] All of the above are correct statements

Correct Answer: C [Most popular market for Masala Bonds is New York currently]

Notes:

Masala bonds allow Indian companies to raise overseas debt in the Indian currency. The instrument shields the issuers from currency fluctuations mainly because interest payments and redemption is in rupees. At the same time, investors get interest rates that are higher than in their domestic markets. In the third statement, the most popular market for Masala bonds currently is London.

MORE QUESTIONS ABOUT INDIAN ECONOMY 

1.The base year for the calculation of all-India Index of Industrial Production (IIP) is:

2.Which of the following is not a correct statement with respect to Masala Bonds? 

3.Which among the following is an opposite activity of hedging in share / currency /future markets?

4.In which of the following countries first Stock Exchange opened?

5.Which among the following represents the accounting year of the Reserve Bank of India?

6.The portion of profits that a company distributes among its shareholders in the form of cash is usually known as _____?

7.Under which of the following laws, the Subsidiary Bank of the State Bank of India is constituted ?

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9.A monopolist will be able to maximize his profits when _________?

10.Which among the following banks was designated as the Agency for operationalisation of the Joint Investment Fund between India and Oman?