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Multiple Choice Questions

Directions Fill in the blanks with suitable words LoUs are among the most popular instruments to ove...........

English language Fill in the blanks

Directions: Fill in the blanks with suitable words

LoUs are among the most popular instruments to ________ overseas credit by importers — known as buyers’ credit in banking ________ — because of their attractive pricing. It is estimated that overall, bank finance for imports into India is around $140 billion, of which over 60% is funded through such buyers’ credit.

Get, shout

Secure, parlance

Intake, slang

Apply, terminology

None of the above

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Explanation:

Correct answer is (b). Option A: Shout does not make sense.
Option C: Both words do not fit in.
Option D: Apply should have been followed by for and is incorrect.
Option B: Both the words are a perfect fit.
Hence, option B is correct.

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