Multiple choice

FCCB stands for:

  1. Foreign Currency Convertible Bonds

  2. Free Currency Convertible Bonds

  3. Free Currency Capital Bonds

  4. Foreign Currency Capital Bonds
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A Correct answer
Explanation

FCCB stands for Foreign Currency Convertible Bonds, which are debt instruments issued by Indian companies in foreign currency that can be converted into equity shares at a predetermined price and time. FCCBs were popular in the 2000s as a fundraising tool for Indian corporations seeking international capital.

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