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      Question

      In a working capital term loan (WCTL), the repayment

      schedule is:
      A Bullet repayment after 3 years Correct Answer Incorrect Answer
      B Monthly EMI after moratorium Correct Answer Incorrect Answer
      C Based on cash flow and fixed schedule Correct Answer Incorrect Answer
      D Only interest servicing Correct Answer Incorrect Answer
      E Callable on demand Correct Answer Incorrect Answer

      Solution

      WCTL is a restructured facility and is repaid over a fixed tenure, based on the borrower's projected cash flows.

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