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Question

Which of the following is an example of an 'External Commercial Borrowing' (EC

B ?

A A loan taken by an Indian company from a domestic SBI branch.

B Equity issued by a company on the National Stock Exchange (NSE).

C Loans raised by Indian entities from non-resident lenders in foreign or Indian currency.

D Funding provided by the Government of India to a Public Sector Undertaking.

E A grant received from an international NGO for social work.

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HPCL CA

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