👉 Practice this question interactively (Hindi / English / AI)

Consider the following statements: Statement-I: Syndicated lending spreads the risk of borrower default across multiple lenders. Statement-II: The syndicated loan can be fixed amount/lump sum of funds, but cannot be a credit line. Which one of the following is correct in respect of the above statements?

UPSC · 2024 · Economy
Question:
Consider the following statements: Statement-I: Syndicated lending spreads the risk of borrower default across multiple lenders. Statement-II: The syndicated loan can be fixed amount/lump sum of funds, but cannot be a credit line. Which one of the following is correct in respect of the above statements?

Options

(a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
(b) Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
(c) Statement-I is correct, but Statement-II is incorrect
(d) Statement-I is incorrect, but Statement-II is correct
Answer: (c) Statement-I is correct, but Statement-II is incorrect

Explanation:
Syndicated lending indeed spreads risk, but loans can also be structured as revolving credit lines, making Statement-II incorrect.

👉 Want AI explanation? Open in MCQ App

← Previous Next →

Recommended articles

Practice More PYQs

📱 Follow Us

Telegram Instagram YouTube