NRI bonds: The 1998 Resurgent India Bonds (RIBs) were issued in which three currencies? Two are US dollar and Pound Sterling; identify the third currency used in 1998 (pre-euro). Choose the correct option.
General Knowledge
Indian Economy
Difficulty: Medium
Choose an option
-
ADeutsche Mark
-
BEuro
-
CJapanese Yen
-
DSwiss Franc
Answer
Correct Answer: Deutsche Mark
Explanation
Fact
- RIBs (1998) targeted the NRI diaspora and were issued in USD, Pound Sterling, and Deutsche Mark (pre-euro era).
Final AnswerDeutsche Mark