Question
Recently India has decided to extend a Line of Credit
(LOC) to Sri Lanka, which of the following institution had signed the LOC agreement with Sri Lankan Government?Solution
India has decided to extend a Line of Credit (LOC) of $55 million to Sri Lanka for the procurement of urea. An LOC agreement was signed between Government of Sri Lanka (GOSL) and the Export-Import Bank of India at Colombo. This LOC will help the GOSL secure urea fertiliser for the ongoing paddy sowing Yala season. A line of credit (LOC) is a preset borrowing limit that can be tapped into at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. Exim Bank is a specialized financial institution wholly owned by the Government of India with presence in Indian and foreign cities around the world. It was set up in 1982, for the purpose of financing, facilitating and promoting India’s international trade.
What happens to the shares of Indian insurance companies on the appointed day as per the General Insurance Business (Nationalization) Act, 1972?
According to the Insurance Act an insurer shall be ineligible for registration unless he has ______________
According to the Arbitration and Conciliation Act which of the following is incorrect with respect to an Arbitration Agreement?
The structure of Indian Constitution is
In which of the following cases the principle of res gestae was discussed briefly and as an exception the Hearsay rule?
The liability of the surety is co-extensive with that of the principal debtor. It has been provided under Indian Contract Act:Â
The judgment in every trial in any Criminal Court or original jurisdiction shall be pronounced in open Court by the presiding officer immediately after ...
No company shall issue a prospectus or make an offer or invitation to the public or to its members _______________for the subscription of its debentures...
An appealable decree is presented for registration to the proper officer within four months
The period of detention in civil imprisonment as a consequence of disobedience or breach of any injunction shall not exceed:Â
Relevant for Exams:
