2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How much amount has been approved by India as a Line of Credit (LoC) to Kyrgyzstan to support development projects in the country?
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USD 300 million
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USD 200 million
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USD 400 million
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USD 100 million
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Explanation:
Detailed explanation-1: -India on Monday agreed to a $200 million Line of Credit support for development projects in Kyrgyzstan, as External Affairs Minister S.
Detailed explanation-2: -The Line of Credit – LOCs also helps to promote exports of Indian goods and services, as 75% of the value of the contract must be sourced from India. The projects under LOCs are spread over different sectors (Agriculture, Infrastructure, Telecom, Railway, Transmission/Power, Renewable Energy, etc.).
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