Question
In which of the following facility the borrower can take
money out as needed until the limit is reached, and as money is repaid, it can be borrowed again?Solution
- The Line of Credit is not a grant but a ‘soft loan’ provided on concessional interest rates to developing countries, which has to be repaid by the borrowing government.
- It is a credit facility extended by a bank or any other financial institution to a government, business or an individual customer, that enables the customer to draw the maximum loan amount.
More Beepedia Questions
What approximate value should come in the place of (?) in the following questions?
42.98% of 849 + 18.45% of 1201 ≈ ?(1550.23 ÷ 30.98) + (864.32 ÷ 23.9) + 1724.11 = ?
Find the ratio of the area of an equilateral triangle of side ‘a’ cm to the area of a square having each side equal to ‘a’ cm.
72.8% of (215.69 + 189.38) - 5.97² + (3.01 of 7.8) = ? of (64.02 - 38.95)
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
245.67 + 20.05² + ?³ = √961.89 * 34.02
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
? + 539.76 ÷ 5.4 × 94.80 = 9829.54
(14.98% of 319.99) - 7.998 = √?
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