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Which financial instrument is primarily used by KIIFB to mobilize large sums of money for infrastructure development?

AEquity Shares

BBonds/Non-Convertible Debentures (NCDs)

CVenture Capital Funds

DCommercial Papers

Answer:

B. Bonds/Non-Convertible Debentures (NCDs)

Read Explanation:

  • KIIFB's core function of mobilizing large-scale, long-term funds is primarily carried out through the issuance of Bonds (including Masala Bonds) or

  • Non-Convertible Debentures (NCDs), which are backed by the State Government's guarantee.


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