SSC Economics Sample Paper NCERT Sample Paper-5

  • question_answer
    Which one of the following is the recognised lender of the External Commercial Borrowings (ECB) in the International capital market?

    A)  Export credit agencies

    B)  Asian Development Bank

    C)  International Finance Corporation

    D)  All of the above

    Correct Answer: D

    Solution :

    [d] Borrowers can raise ECB from internationally recognized sources such as (i) international banks, (ii) international capital markets, (iii) multilateral financial institutions (such as IFC, ADB, CDC, etc.)/regional financial institutions and Government owned development financial institutions, (iv) export credit agencies, (v) suppliers of equipments, (vi) foreign collaborators and (vii) foreign equity holders (other than erstwhile Overseas Corporate Bodies (OCBs)).

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