3
Q:
| A) Karnataka | B) Odisha |
| C) Sikkim | D) Kerala |
Answer: D) Kerala
Explanation:
Explanation:
Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency. Kerala Infrastructure Investment Fund Board have listed 21.5 billion rupees ($305 million) of Masala bonds on the London Stock Exchange.
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