Multiple choice

India Development Bond was issued in 1991-92 by....

  1. NHB

  2. SBI

  3. UTI

  4. RBI

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India Development Bond was issued in 1991-92 by SBI. The Indian development bond and the immunity scheme for the repartition of funds held abroad were introduced in the October 1991. The schemes proved to be highly successful as they mobilized \$1.605 billion and \$793 million respectively.