New Enroll in RBI Grade B New Batch - Starts on May 21

    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 ‘soft loan’ provided on concessional interest rates to developing countries, which has to be repaid by the borrowing government.

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