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Which of the following statements is/are correct in the context of Green Debt Securities?
1. They are regulated by the Reserve Bank of India.
2. Funds coming from such securities can be utilized for biodiversity conservation.
3.They are fixed-income financial instruments.
  • a)
    1 only
  • b)
    2 and 3 only
  • c)
    1, 2 and 3 all
  • d)
    1 and 3 only
Correct answer is option 'B'. Can you explain this answer?
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Which of the following statements is/are correct in the context of Gr...
Green Debt Securities are fixed-income debt securities issued by banks, which are specially earmarked for Green Development. Green bonds were first launched by World Bank and European Investment Bank. Yes Bank issued green bonds for the first time in India. These are regulated by SEBI in India. Funds coming from such bonds are utilised for renewable and sustainable energy (wind, solar etc.), clean transportation (mass transportation), sustainable water management (clean and/or drinking water, water recycling etc.), climate change adaptation, energy efficiency (efficient and green buildings), sustainable waste management (recycling, waste to energy etc.), sustainable land use (including sustainable forestry and agriculture, afforestation etc.) and biodiversity conservation.
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Which of the following statements is/are correct in the context of Green Debt Securities?1. They are regulated by the Reserve Bank of India.2. Funds coming from such securities can be utilized for biodiversity conservation.3.They are fixed-income financial instruments.a)1 onlyb)2 and 3 onlyc)1, 2 and 3 alld)1 and 3 onlyCorrect answer is option 'B'. Can you explain this answer?
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