BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Currency Swap
|
|
|
ECB
|
|
|
Base Rate
|
|
|
Bank Rate
|
Detailed explanation-1: -Explanation: An external commercial borrowing(ECB) is an instrument used in India to facilitate the access to foreign money by Indian corporations and PSUs (public sector undertakings).
Detailed explanation-2: -External commercial borrowing (ECBs) are loans in India made by non-resident lenders in foreign currency to Indian borrowers. They are used widely in India to facilitate access to foreign money by Indian corporations and PSUs (public sector undertakings).
Detailed explanation-3: -External Commercial Borrowings (ECB) and Trade Credits.
Detailed explanation-4: -External Commercial Borrowings (ECB) in India External Commercial Borrowings are commercial loans widely used by eligible resident entities who raise ECBs from recognised non-resident entities.