Detailed explanation and options for the selected 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 a fixed lump sum of funds but cannot be structured as a credit line. Which one of the following is correct in respect of the above statements?
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