UPSC 2016 - Question 8

With reference to 'IFC Masala Bonds', sometimes seen in the news,

which of the statements given below is/are correct?

1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank.

2. They are the rupee-denominated bonds and are a source of debt financing for the public and private sector.

Select the correct answer using the code given below.

a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2