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Resurgent India Bonds were issued in US dollar, Pound Sterling and
  • a)
    Japanese Yen
  • b)
    Deutsche Mark
  • c)
    Euro
  • d)
    French Franc
Correct answer is option 'B'. Can you explain this answer?
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Resurgent India Bonds were issued in US dollar, Pound Sterling anda)Ja...
**Resurgent India Bonds**

Resurgent India Bonds were issued by the Government of India in the late 1990s to attract foreign investments and strengthen the country's foreign exchange reserves. These bonds were denominated in foreign currencies and targeted non-resident Indians (NRIs) and foreign investors.

**Issued in Multiple Currencies**

Resurgent India Bonds were issued in three major currencies: US dollar, Pound Sterling, and Deutsche Mark. These currencies were chosen based on their global significance and wide acceptance in international markets. The issuance of bonds in multiple currencies allowed investors to choose the currency that best suited their preferences and investment strategies.

**Japanese Yen - Not the Correct Answer**

The correct answer for the currency in which Resurgent India Bonds were not issued is option 'B', Deutsche Mark. Deutsche Mark was the currency of Germany until it was replaced by the Euro in 2002. Since Resurgent India Bonds were issued in the late 1990s, it is logical that Deutsche Mark was not among the currencies in which these bonds were denominated.

**Euro - Not the Correct Answer**

The Euro, the common currency of several European countries, was introduced on January 1, 1999. However, the physical Euro banknotes and coins were introduced in 2002. Therefore, it is unlikely that Resurgent India Bonds were issued in Euros, as the issuance predates the introduction of the physical currency.

**French Franc - Not the Correct Answer**

The French Franc was the official currency of France until it was replaced by the Euro in 2002. Similar to the Deutsche Mark, since Resurgent India Bonds were issued in the late 1990s, it is highly unlikely that French Francs were one of the currencies in which these bonds were issued.

**Conclusion**

In conclusion, Resurgent India Bonds were issued in US dollar, Pound Sterling, and Deutsche Mark. The correct answer for the currency not issued is option 'B', Deutsche Mark. The bonds were issued in these currencies to attract foreign investments and strengthen India's foreign exchange reserves.
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Deutsche mark
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Resurgent India Bonds were issued in US dollar, Pound Sterling anda)Japanese Yenb)Deutsche Markc)Eurod)French FrancCorrect answer is option 'B'. Can you explain this answer?
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