GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Many times we read a term “ECB” in financial newspapers. What is the full form of ECB?
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External Credit and Business
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Essential Credit and Borrowing
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External Commercial Borrowing
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Essential Commercial Borrowing
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Explanation:
Detailed explanation-1: -1. Where can one get the details of extant External Commercial Borrowings (ECB) and Trade Credits (TC) framework?
Detailed explanation-2: -The European Central Bank (ECB) has raised all three of its key policy interest rates.
Detailed explanation-3: -External Commercial Borrowings (ECB) refer to commercial loans [in the form of bank loans, buyers’ credit, suppliers’ credit, securitised instruments (e.g. floating rate notes and fixed rate bonds)] availed from non-resident lenders with minimum average maturity of 3 years.
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