Q. Consider the following statements with reference to Zero Coupon Zero Principal (ZCZP) bonds:
1.ZCZP provides a fixed interest on the funds raised through it.
2.It has a specific tenure and can only be issued for a specific project.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Explanation –

Statement 1 is incorrect. ZCZP does not provide a fixed interest on the funds raised through it. It has a specific tenure and can only be issued for a specific project.

Source: The Hindu