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  • Question

  • Which neighboring country of India has approved the issuance of Panda bond?


  • Options
  • A. Afghanistan
  • B. Pakistan
  • C. Bangladesh
  • D. Nepal

  • Correct Answer
  • Pakistan 

    Explanation

    The term panda bond refers to an indenture issued in China, in Chinese renminbi, by a foreign bank or corporation. The Pakistan cabinet approved the issuance of the maiden renminbi-denominated 'Panda Bonds' during its meeting presided over by Prime Minister.

    • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

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