GS PrelimsEconomyExternal Sector2000

Resurgent India Bonds were issued in US Dollar, Pound Sterling and

Japanese Yen

Deutsche Mark

Euro

French Franc

Correct Answer: Option B

Explanation

1. Resurgent India Bonds (RIBs) were issued by the State Bank of India in 1998 to attract investments from Non-Resident Indians (NRIs) and Overseas Corporate Bodies (OCBs). 2. These bonds were denominated in three foreign currencies: US Dollar (USD), Pound Sterling (GBP), and Deutsche Mark (DEM). 3. The Euro was introduced later (1999/2002), and Japanese Yen or French Franc were not among the denominations for RIBs.

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