Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-7

  • question_answer
    The term 'NOC' is associated with

    A)  Industrial Credit

    B)  Trade Credit

    C)  Micro Credit

    D)  Farm Credit

    E)  Retail Credit

    Correct Answer: B

    Solution :

     The term NOC is related to External Commercial Borrowings and Trade Credits in India. They are governed by Foreign Exchange Management Act. 1999 read with Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000.


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