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Question

Q43) ECB (external commercial borrowings) instrument cannot be used by


  1. c) Banks

  2. d) None of the above
  3. a) Private companies

  4. b) PSU


Solution

The correct option is B d) None of the above

Ans: D
Explanation: An external commercial borrowing(ECB) is an instrument used in India to facilitate the access to foreign money by Indian corporations and PSUs (public sector undertakings).From 2013 onwards banks and NBFC are allowed to make use of ECB to meet their tier 1capital requirement

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