Consider the following statements: Statement-I: Syndicated lending spreads the risk of borrower default across multiple lenders. Statement-II: The syndicated loan can be a 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
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