New Student Offer - Use Code HELLO

Register Now

EXIM Bank Extended LoC to Sri Lanka

Published on February 05, 2022
Current Context: The Export-Import Bank of India (Exim Bank) has extended a line of credit support to Sri Lanka.
EXIM Bank Extended LoC to Sri Lanka
  • The EXIM Bank on behalf of GoI has extended $500 million to the island nation.
  • The funds will be used to purchase petroleum products.
  • Now, the total LoC extended by Exim Bank to Sri Lanka to date has reached 10, and the total value is USD 2.18 billion.
  • Static Part: 
    • HQ of EXIM Bank: Mumbai
    • Capital of Sri Lanka: Colombo, Sri Jayawardenepura Kotte
    • Currency of Sri Lanka: Sri Lankan rupee


Q.1 To which nation has EXIM Bank extended LoC of $500 million to purchase petroleum products?
a. Mauritius
b. Indonesia
c. Malaysia
d. Sri Lanka
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu