Civil Services UPPSC RO ARO 2024-25 Mock Tests Series General Knowledge Economy External Sector and Currency Exchange rate
With reference to External Commercial Borrowings (ECBs), consider the following statements
1. ECBs can be raised in Indian Rupees (INR).
2. ECB proceeds cannot be utilised for investment in the capital market.
3. Increase in ECBs will result in the decline of forex reserves.
Which of the statements given above is/are correct?
1
1 only
2
1 and 2 only
3
3 only
4
1 and 3 only