State Bank of India (SBI) is planning to raise up to Rs 10,000 crore via infrastructure bonds during the current quarter ending March 2023. Infrastructure bonds are long-term, fully paid, redeemable and unsecured financial instruments, with a minimum maturity period of __________ years.
seven
Understanding SBI Infrastructure Bonds
State Bank of India (SBI) periodically plans to raise capital through various instruments, including infrastructure bonds. These bonds are specifically designed to fund long-term infrastructure projects, which are crucial for economic development.
Characteristics of Infrastructure Bonds
As mentioned in the context, infrastructure bonds typically possess certain key features:
- They are long-term investments, meaning they have a significant maturity period.
- They are usually fully paid upon subscription.
- They are redeemable, allowing the investor to receive their principal back at maturity.
- They can be unsecured, meaning they are not backed by specific assets of the issuer.
Minimum Maturity Period for Infrastructure Bonds
A critical characteristic of infrastructure bonds is their minimum maturity period. This minimum duration ensures that the funds raised are available for the long-term nature of infrastructure projects.
For infrastructure bonds, including those issued by institutions like SBI, the minimum maturity period required is seven years.
This longer maturity distinguishes infrastructure bonds from other shorter-term debt instruments and aligns the investment with the typical timelines of infrastructure development projects.
Important Questions from Miscellaneous
A stone is thrown horizontally from the top of a 20 m high building with a speed of 12 m/s. It hits the ground at a distance R from the building. Taking g = 10 m/s2 and neglecting air resistance will give :
A sphere of volume V is made of a material with lower density than water. While on Earth, it floats on water with its volume f1V (f1 < 1) submerged. On the other hand, on a spaceship accelerating with acceleration a < g (g is the acceleration due to gravity on Earth) in outer space, its submerged volume in water is f2V. Then:
A railway wagon (open at the top) of mass M1 is moving with speed v1 along a straight track. As a result of rain, after some time it gets partially filled with water so that the mass of the wagon becomes M2 and speed becomes v2. Taking the rain to be falling vertically and the water stationery inside the wagon, the relation between the two speeds v1 and v2 is :
Consider the following statements:
1. Distance between the longitudes becomes zero on North Pole and South Pole.
2. Distance between the longitudes is maximum on the Equator.
3. Number of longitudes is more than number of latitudes.
Which of the statements given above is/are correct?
One block of 2⋅0 kg mass is placed on top of another block of 3⋅0 kg mass. The coefficient of static friction between the two blocks is 0⋅2. The bottom block is pulled with a horizontal force F such that both the blocks move together without slipping. Taking acceleration due to gravity as 10 m/s2, the maximum value of the frictional force is :
