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Interest earned from scheme ‘A’ = (6500 × 3 × 14) ÷ 100 = Rs. 2730 Interest earned from scheme ‘B’ = (9220 × 3 × 5) ÷ 100 = Rs. 1383 So, difference in interest earned = 2730 – 1383 = Rs. 1347
Consider the following statements about Interest Equalisation Scheme:
1. It provides pre- and post-shipment export credit to exporters in rupee...
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