📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 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 ‘soft loan’ provided on concessional interest rates to developing countries, which has to be repaid by the borrowing government.

    Practice Next

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call