Current Affairs · Municipal Governance & Public Finance
With reference to Municipal Bonds in India, consider the following statements: I. Municipal bonds are debt instruments issued by urban local bodies to finance infrastructure and public utility projects. II. The Ahmedabad Municipal Corporation was the first municipal body in India to issue a rated and listed municipal bond. III. Revenue bonds are serviced through income generated from specific projects rather than general municipal revenues. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III✓
- 2I and III only
- 3II and III only
- 4I and II only
Correct answer
I, II and III
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