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With which of the following countries India has signed an agreement extending a USD 100 million Line of Credit (LOC) for projects in the Solar Energy Sector?
  • a)
    Bangladesh
  • b)
    Nepal
  • c)
    Sri Lanka
  • d)
    Myanmar
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With which of the following countries India has signed an agreement ex...
Recently, India has signed an agreement extending a USD 100 million Line of Credit (LOC) to Sri Lanka for projects in the Solar Energy Sector. The LOC is for 20 years, with an interest of 1.75%. The agreement was signed between the Export-Import (EXIM) Bank of India and the Government of Sri Lanka. Line of Credit: It is a credit facility extended by a bank to a government, business or individual customer, that enables the customer to draw the maximum loan amount.
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With which of the following countries India has signed an agreement extending a USD 100 million Line of Credit (LOC) for projects in the Solar Energy Sector?a)Bangladeshb)Nepalc)Sri Lankad)MyanmarCorrect answer is option 'C'. Can you explain this answer?
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