CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank extended $400 mn Line of Credit to the Maldives?
A
RBI
B
SBI
C
EXIM Bank
D
SEBI
Explanation: 

Detailed explanation-1: -Exim Bank’s overall commitment to the strategically important island nation located in close proximity goes to six lines of credit totalling USD 1.43 billion, as per an official statement.

Detailed explanation-2: -EXIM BANK, on Behalf of The Government of India, Extends a Short-Term Line Of Credit Of USD 55 Million To The Government Of The Socialist Republic Of Sri Lanka.

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