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Question

Which of the following are sources of external borrowing?

A
International Monetary Fund
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B
State Bank of India
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C
World Bank
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D
Securities and Exchange Board of India
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Solution

The correct option is C World Bank

The International Monetary Fund and the World Bank offer loans to countries in case of emergencies. Such loans, are known as external or foreign debts. The Securities and Exchange Board of India is the regulatory body for the securities and commodity market in India. The State Bank of India is an Indian bank.

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