2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Trading
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Developing
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Fishing
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Agriculture
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Detailed explanation-1: -India extended US$18 mn Line of Credit to Maldives for expansion of fishing facilities at MIFCO.
Detailed explanation-2: -MUMBAI : Export-Import Bank of India (Exim Bank) on Thursday said it has, on behalf of the government of India, extended a line of credit of $500 million to the government of the socialist republic of Sri Lanka for financing purchase of petroleum products. The agreement to this effect, was signed by S. R.
Detailed explanation-3: -Exim Bank extends Lines of Credit (LOCs) to overseas governments, financial institutions, regional banks and other overseas entities, to finance India’s exports to those countries. Exim Bank’s LOC is a risk-free, non-recourse export financing option available to Indian exporters for promoting their exports.