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English (CPO) SSC (CPO) Exam

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Indian Economy - Understanding the basics of Indian economic system

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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

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.

By: Abhishek kumar

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