Q:
      
      
         
            
Which neighboring country of India has approved the issuance of Panda bond?
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: B) 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.
       
      
      
      
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