state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy
Consider the following about Social Bonds:
1. It is a type of financial instrument issued by governments, international organizations or corporations to raise funds for projects and initiatives that have a positive social impact on society.
2. These bonds are designed to finance projects that address various social issues, such as healthcare, education, affordable housing, poverty alleviation, and environmental sustainability.
3. The Pimpri Chinchwad Municipal Corporation (PCMC) in Maharashtra’s Pune and United Nations Development Programme (UNDP) in 2020 co-created India’s inaugural Social Impact Bond(SIB).
How many of the above statements is/are correct?
1
Only one
2
Only two
3
All three
4
None