Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — Deutsche Mark
Concept & Option Breakdown
Standard Reference VerifiedResurgent India Bonds (RIBs) were launched in August 1998 by the State Bank of India to mobilise foreign exchange from Non-Resident Indians (NRIs) following the Pokhran nuclear sanctions. They were denominated in three currencies: US Dollar (USD), Pound Sterling (GBP), and Deutsche Mark (DEM).
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