BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
ECGC Limited (Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by?
A
RBI
B
Government of India
C
IRDAI
D
NABARD
Explanation: 

Detailed explanation-1: -The ECGC Ltd. (formerly known as Export Credit Guarantee Corporation of India Ltd.) wholly owned by government of India, was set up in 1957 with the objective of promoting exports from the country by providing credit risk insurance and related services for exports.

Detailed explanation-2: -ECGC Limited (Formerly Export Credit Guarantee Corporation of India Limited) is a government owned export credit agency of India. It is under the ownership of Ministry of Commerce and Industry, Government of India, and is headquartered in Mumbai, Maharashtra.

Detailed explanation-3: -About ECGC The Company functions under the administrative control of the Ministry of Commerce and Industry.

Detailed explanation-4: -ECGC is a government-owned export credit provider that comes under the ownership of the Ministry of Commerce and Industry, Government of India based in Mumbai, Maharashtra. The details advertisement for ECGC PO 2023 will be released on the official website https://www.ecgc.in/.

There is 1 question to complete.