2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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USD 500 million
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USD 400 million
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USD 300 million
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USD 700 million
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Detailed explanation-1: -Infrastructure & Connectivity Projects under Exim Bank Line of Credit of US$ 800 million for which Credit Line Agreement between Ministry of Finance, GoM and EXIM Bank of India was signed in March 2019.
Detailed explanation-2: -A Line of Credit is a financing mechanism through which Exim Bank extends support for export of projects, equipment, goods and services from India. Exim Bank extends LOCs on its own and also with the support of Government of India.
Detailed explanation-3: -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-4: -Exim Bank extends the credit directly to overseas buyer of projects from India without recourse to Indian exporters. The borrower should be overseas sovereign governments or a government owned entity. Amount of loan should generally not be more than 85% of the contract value.