The term 'Take Out Financing' is a method of providing finance for ________________.
A
Less than one year projects
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B
More than fifteen year projects
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C
Less than five year projects
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D
More than twenty year projects
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Solution
The correct option is B More than fifteen year projects Take-out financing is a method of providing finance for longer duration projects of about 15 years by banks sanctioning medium-term loans for 5-7 years.