Question

    As laid down under the Exim Bank Act the Central

    Government may advance to the Exim Bank a loan of _______________ at a rate of interest of five and a quarter per cent per annum
    A Two crores of rupees Correct Answer Incorrect Answer
    B Ten crores of rupees Correct Answer Incorrect Answer
    C Twenty crores of rupees Correct Answer Incorrect Answer
    D Twenty-five crores of rupees Correct Answer Incorrect Answer
    E Fifty crores of rupees Correct Answer Incorrect Answer

    Solution

    Section 11. Loans by Central Government: The Central Government may, after due appropriation made by Parliament by law in this behalf, advance to the Exim Bank-- (a) a loan of twenty crores of rupees at a rate of interest of five and a quarter per cent. per annum repayable in fifteen equal annual instalments, commencing on the expiry of a period of fifteen years from the date of receipt of the loan.

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