India has decided to extend a Line of Credit (LOC) of $55 million to Sri Lanka for the procurement of urea. An LOC agreement was signed between Government of Sri Lanka (GOSL) and the Export-Import Bank of India at Colombo. This LOC will help the GOSL secure urea fertiliser for the ongoing paddy sowing Yala season. A line of credit (LOC) is a preset borrowing limit that can be tapped into at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. Exim Bank is a specialized financial institution wholly owned by the Government of India with presence in Indian and foreign cities around the world. It was set up in 1982, for the purpose of financing, facilitating and promoting India’s international trade.
Factor endowment theory is also known as
a. Modern theory of international trade.
b. Classical theory of...
Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity?
In a given year, the nominal GDP of a country was $2,500 billion and the real GDP was $2,000 billion. What is the GDP deflator for that year?
A producer received ₹ 6,000 when the price of a commodity was ₹ 60 per unit. The receipts increased to ₹ 8,400 when the price increased by ₹ 10....
Among the following production functions which one is having decreasing returns to scale
If the public consumes €100 billion less and the government purchases €100 billion more (other things unchanging), which of the following stat...
Which of the following is correct regarding long run cost
The government provides public goods because
What is the correlation coefficient of the straight line ax+by+c=0 wherein a>0 and b>0
