Q. Resurgent India Bonds were issued in US Dollar, Pound Sterling and which of the following currencies?
Answer: Deutsche Mark
Notes: The Resurgent India Bonds (RIBs) are bank instruments issued by SBI representing foreign currency denominated deposits in the form of promissory notes. Offered to Non-Resident Indians and Overseas Corporate Bodies. Bonds being denominated in foreign currency i.e., in US dollar, Pound Sterling and Deutsche Mark, bonds are free from forex risk.