πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    Which of the following is a grant provided on

    concessional interest rates to developing countries, which has to be repaid by the borrowing government?
    A Line of Money Correct Answer Incorrect Answer
    B Line of Debit Correct Answer Incorrect Answer
    C Line of Credit Correct Answer Incorrect Answer
    D Line of Fund Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Line of Credit is not a grant but a β€˜soft loan’ provided on concessional interest rates to developing countries, which has to be repaid by the borrowing government.

    Practice Next
    More Economy and Banking and Finance Current Affairs Questions

    Relevant for Exams:

    ask-question