How much amount of Line of Credit(LoC) was announced by India for the ongoing Petrochemical Refinery Project of Mongolia ?
A. 276 million dollars
B. 266 million dollars
C. 256 million dollars
D. 236 million dollars
Answer:D
How much amount of Line of Credit(LoC) was announced by India for the ongoing Petrochemical Refinery Project of Mongolia ?
A. 276 million dollars B. 266 million dollars C. 256 million dollars D. 236 million dollars
Explanation: On the request from Mongolia, India announced an additional 236 million dollars Line of Credit (LoC) for the ongoing Petrochemical Refinery Project of Mongolia. Previously India announced US(United States) $ 1 billion LoC for the Oil Refinery Project in Mongolia that would reduce the oil dependence of Mongolia with neighbouring countries and also contribute to economic development. Both sides decided to train engineers and technicians to be employed at the “Mongol Refinery Project” in India through Indian Government scholarship under the Indian Technical and Economic Cooperation (ITEC) programme..............Check More at INDIA GK" App: tinyurl.com/IndiaGK