Question
As laid down under the Exim Bank Act the Central
Government may advance to the Exim Bank a loan of _______________ at a rate of interest of five and a quarter per cent per annumSolution
Section 11. Loans by Central Government: The Central Government may, after due appropriation made by Parliament by law in this behalf, advance to the Exim Bank-- (a) a loan of twenty crores of rupees at a rate of interest of five and a quarter per cent. per annum repayable in fifteen equal annual instalments, commencing on the expiry of a period of fifteen years from the date of receipt of the loan.
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