Q. Consider the following statements:
1.China provides loans to countries at lower interest rate than those from the western countries.
2.China does not publish records of its foreign loans and the majority of its contracts contain non-disclosure clauses.
Select the correct answer using the code given below:
Answer: B
Notes:
Explanation –
Statement 1 is incorrect. China provides loans to countries at higher interest rate than those from the western countries.
Statement 2 is correct. China does not publish records of its foreign loans and the majority of its contracts contain non-disclosure clauses.
Source: ForumIAS
