Which among the following is are not eligible to raise ECB 1 Individuals 2 ...........

Economic Affairs Foreign Investment

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Which among the following is/ are not eligible to raise ECB?

1) Individuals

2) Trusts

3) Non-Profit making Organisations

4) Non-Government Organisations

5) Banks

Select the correct answer using codes given below

1 Only

2, 3 and 5

1 and 5

1, 2, 3 and 5

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Explanation:

Fourth is incorrect i.e. Non- Government Organisations

External commercial borrowing (ECBs) are loans in India made by non-resident lenders in foreign currency to Indian borrowers. They are used widely in India to facilitate access to foreign money by Indian corporations and PSUs (public sector undertakings).