Q:
Which neighboring country of India has approved the issuance of Panda bond?
Answer & Explanation
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.
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