Consider the following 1 The maximum amount of ECB which can be raised by a manufactu...........

Economic Affairs Foreign Investment

Consider the following:

1) The maximum amount of ECB which can be raised by a manufacture sectors is USD 750 million or its equivalent during a financial year.

2) Services sector is allowed to avail of ECB up to USD 200 million or its equivalent in a financial year.

Select the correct statement/s using codes given below.

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Both statements are correct.

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