2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The government has announced to bailout packages to which bank
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Vijaya Bank
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UCO Bank
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Indian Bank
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IDBI Bank
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Explanation:
Detailed explanation-1: -Definition: Bailout is a general term for extending financial support to a company or a country facing a potential bankruptcy threat. It can take the form of loans, cash, bonds, or stock purchases.
Detailed explanation-2: -Bailout conditionality. The IMF provides financial assistance to countries only if they agree to implement a series of economic policy reforms to revive and maintain a sustainable economic growth rate in the long term.
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