UPSC Principle and Vice Principle GK/GS Banking, Finance, and Fiscal Policy Part - 2

Which of the following pairs is correctly matched with bond is generally a?

Type: MCQ • Marks: 1

A. Tax receipt

B. Debt instrument

C. Commodity

D. Share of ownership only

Explanation

A bond represents borrowing by the issuer from investors.

UPSC Principal & Vice Principal GK/GS

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