How much amount has been extended by the EXIM bank as the line of credit (LoC) t

Question

How much amount has been extended by the EXIM bank as the line of credit (LoC) to Sri Lanka for financing the purchase of petroleum products?

Options:

A . USD 200 million

B . USD 400 million

C . USD 500 million

D . USD 300 million

Answer: Option C

The Export-Import Bank of India (Exim Bank) has extended a line of credit (LoC) of USD 500 million to Sri Lanka on behalf of the Government of India.

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