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Q59 (CISF/2023) Economy › Government Finance & Budget

Consider the following statements related to 'Sovereign Green Bonds':
1. Union Budget 2021-22 announced the issue of these bonds
2. The Government of India has approved a Sovereign Green Bonds Framework
3. These bonds are meant to be issued for mobilizing resources for green projects
4. These bonds are financial instruments that generate proceeds for investment in environmentally sustainable and climate suitable projects
How many of the above statements are correct?

Explanation

Statement 1 is incorrect. The issuance of Sovereign Green Bonds (SGrBs) was announced in the Union Budget 2022-23 by the Union Finance Minister, not in the 2021-22 budget.

Statement 2 is correct. The Government of India approved the Sovereign Green Bond Framework in November 2022, which sets out the obligations of the Government as an issuer of these bonds.

Statement 3 is correct. The primary objective of issuing these bonds is to mobilize resources for green infrastructure and projects that contribute to reducing the carbon intensity of the economy.

Statement 4 is correct. Green bonds are fixed-income financial instruments specifically designed to raise money for climate and environmental projects. The proceeds are strictly earmarked for projects that are environmentally sustainable.

Since statements 2, 3, and 4 are correct, the total number of correct statements is three.

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SIMILAR QUESTIONS

CAPF · 2025 · Q23 Relevance score: 4.05

The Union Budget for which of the following years announced the issue of Sovereign Green Bonds to reduce the carbon intensity of the economy?

IAS · 2021 · Q23 Relevance score: 0.87

With reference to India, consider the following statements : 1. Retail investors through demat account can invest in 'Treasury Bills' and 'Government of India Debt Bonds' in primary market. 2. The Negotiated Dealing System-Order Matching' is a government securities trading platform of the Reserve Bank of India. 3. The 'Central Depository Services Ltd.' is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange. Which of the statements given above is/are correct?

CAPF · 2012 · Q1 Relevance score: 0.56

Consider the following statements : 1. The Planning Commission of India in its environment performance report, released on 26th July, 2012, ranked Himachal Pradesh as top State in the country on environmental performance index. 2. The World Bank approved an 1100 crore rupees loan for Himachal Pradesh to promote green initiatives and sustain- able development in the State. Which of the statements given above is/are correct?

IAS · 2020 · Q40 Relevance score: 0.53

With reference to the Indian economy, consider the following statements : 1. 'Commercial Paper' is a short-term unsecured promissory note. 2. 'Certificate of Deposit' is a long-term instrument issued by the Reserve Bank of India to a corporation. 3. 'Call Money' is a short-term finance used for interbank transactions. 4. 'Zero-Coupon Bonds' are the interest bearing short-term bonds issued by the Scheduled Commercial Banks to corporations. Which of the statements given above is/are correct ?