Join 60,000+ competitive exam aspirants
or with email
Your Cart
SubtotalтВ╣0
TotalтВ╣0
Examoogle тАв User тАв info@examoogle.com тАв EE-2024-8821
Chapter 1 of 12 тАв Page 1 of 248ЁЯФТ Protected PDF тАв Watermarked
Join 60,000+ competitive exam aspirants
Which Indian city has issued India's first Certified Green Municipal Bond?
Ranchi
Ghaziabad
Prayagraj
Gandhinagar
None of the above
Ghaziabad
Ghaziabad Municipal Corporation issued India's first-ever Green Municipal Bond in 2021 to fund a tertiary sewage treatment plant. The bond was listed on the Bombay Stock Exchange (BSE) and aimed to promote sustainable urban infrastructure.
Ghaziabad Municipal Corporation issued India's first-ever Green Municipal Bond in 2021 to fund a tertiary sewage treatment plant. The bond was listed on the Bombay Stock Exchange (BSE) and aimed to promote sustainable urban infrastructure.
The 74th Constitutional Amendment Act, 1992 provides the constitutional framework for Urban Local Bodies (ULBs) in India, empowering them to manage municipal finance and urban planning.
Ghaziabad's Green Bond was launched to raise 150 crore rupees for a 12.5 MLD tertiary sewage treatment plant.
Green Bonds are financial instruments used specifically to fund projects with positive environmental or climate benefits.
The Securities and Exchange Board of India (SEBI) regulates the issuance of municipal bonds under the Issue and Listing of Municipal Debt Securities Regulations.
Indore Municipal Corporation became the first urban body in India to issue a Green Bond that was open to retail investors in 2023.
Municipal bonds are debt securities issued by local governments to finance public projects such as water systems, schools, and infrastructure.
Ranchi and other mentioned cities have participated in various municipal financing schemes, but Ghaziabad holds the distinction for the first issued green bond.
Option A (Ranchi) is known for being the first city to issue a municipal bond in India (2017) to fund water supply, but not the first 'Green' bond.
B is correct тАФ Ghaziabad became the first Indian city to issue a certified Green Municipal Bond in 2021.
Connect this to the 'Smart Cities Mission' and 'AMRUT' scheme, as these central government initiatives heavily emphasize municipal bond issuance as a primary source of financing for urban development projects.
Get instant step-by-step AI explanations, full shift Previous Year Papers (SSC GD, RRB, SSC JE), and regional rank analysis on the official Examoogle App.
Free Download тАв 100K+ Aspirants