Consider the following statements : Statement-I : Syndicate

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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 ?

[UPSC PRELIMS GS 1 2024]

A ) Both Statement-I and Statement-II are correct and StatementII 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

EXPLANATION

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