Google News
logo
Daily Current Affairs
How many million credit line has the Export-Import Bank of India (Exim Bank) extended on behalf of the Government of India?
A)
$500 million
B)
$650 million
C)
$790 million
D)
$900 million

Correct Answer : Option (A) - $500 million


Export-Import Bank of India (Exim Bank) on behalf of the government of India, extended a line of credit of $500 million to the government of the socialist republic of Sri Lanka for financing the purchase of petroleum products. The fund will be used by the Island nation for the purchase of petroleum products. With the signing of this new LOC agreement, the total LOC extended by Exim Bank to Sri Lanka till date has reached 10, taking the total value of LOCs extended to USD 2.18 billion.

Published On : February 4, 2022
Advertisement