Q. Which neighboring country of India has approved the issuance of Panda bond?
✅ Correct Answer: (B)
Pakistan
Explanation: The term panda bond refers to an indenture issued in China, in Chinese renminbi, by a foreign bank or corporation. The Pakistan cabinet approved the issuance of the maiden renminbi-denominated 'Panda Bonds' during its meeting presided over by Prime Minister.
Explanation by: Pritvik
The term panda bond refers to an indenture issued in China, in Chinese renminbi, by a foreign bank or corporation. The Pakistan cabinet approved the issuance of the maiden renminbi-denominated 'Panda Bonds' during its meeting presided over by Prime Minister.