Prelims 2026 · Q92
Capital markets, insurance & financial instruments X-Ray · Core #6 Easy Provisional keyएक बॉन्ड जिसके आगम (proceeds) का उपयोग केवल पर्यावरणीय और सामाजिक परियोजनाओं दोनों के एक संयोजन के वित्तपोषण अथवा पुनर्वित्तपोषण के लिए किया जाता है, उसे क्या कहते हैं ?
Read this question in English
A bond whose proceeds are used only to finance or refinance a combination of both environmental and social projects is called:
(a) Green Bond · (b) Social Bond · (c) Sustainability Bond · (d) Sovereign Bond
उत्तर और व्याख्या · explanation in English
Answer: (c) संधारणीयता (सस्टेनेबिलिटी) बॉन्ड
The label depends on what the proceeds fund. Green bonds fund environmental projects, social bonds fund social projects, and a sustainability bond funds a combination of both green and social projects.
- ✓ (c) Sustainability bonds apply proceeds exclusively to finance or re-finance a combination of green and social projects.
- ✗ (a) A green bond finances projects with clear environmental benefits only.
- ✗ (b) A social bond finances projects that address a specific social issue or achieve positive social outcomes, not a combination of environmental and social projects.
- ✗ (d) ‘Sovereign’ describes the issuer (a government), not the use of proceeds.
Remember · Use of proceeds decides the label: green = environment, social = social outcomes, sustainability = both together.
Sources
- World Bank Treasury, IBRD Sustainable Development Bonds ↗ “World Bank Sustainable Development Bonds support the financing of a combination of green and social, i.e. “sustainable development”, projects, programs, and activities in member countries.”
- ICMA: Green, Social and Sustainability Bonds, a high-level mapping to the SDGs (June 2019) ↗ · reference work “Sustainability Bonds are any type of bond instrument where the proceeds will be exclusively applied to finance or re-finance a combination of green and social projects … Green Bonds are any type of bond instrument where the proceeds will be exclusively applied to finance or re-finance projects with clear environmental benefits … Social Bonds finance projects that directly aim to address or mitigate a specific social issue and/or seek to achieve positive social outcomes, especially but not exclusively for a target population(s).”
Question and answer: UPSC's provisional GS Paper I (2026, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 1 Oct 2026 (how we verify). ·