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Export-Import Bank of India has on behalf of the government of India has extended a $ ________ million short-term line of credit to the government of Sri Lanka.

A.
40
B.
45
C.
50
D.
55

Solution:

The correct answer is 55. Export-Import Bank of India has on behalf of the government of India has extended a $55 million short-term line of credit to the government of Sri Lanka. It has been extended for financing procurement of urea fertiliser. With this deal, Exim Bank till date has extended 11 lines of credit to the Sri Lankan government on behalf of the government of India, taking the total value to $2. 73 bn. Important Points Projects covered under the credit line includes supply of petroleum products and projects in railway, defence and infrastructure sectors. With the signing of the latest deal, Exim Bank has now in place 274 lines of credit, covering 61 countries in Africa, Asia, Latin America and the Commonwealth of Independent States (CIS) region, with credit commitments of around $27. 81 billion, available for financing exports from India. Additional InformationSri Lanka: Capital - Sri Jayawardenepura Kotte (Administrative capital), Colombo (Commercial capital). Currency - Sri Lankan rupee.

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