BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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medium-term financing
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short-term financing
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short and medium-term financing
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short and long-term financing
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Detailed explanation-1: -Medium-Term Credit Insurance, like any insurance policy, provides protection in return for a premium. The policy safeguards exporters against the risk of foreign buyer nonpayment when extending credit terms of one to five years (or, in some cases, up to 10 years) and up to $25 million.
Detailed explanation-2: -Exim Bank extends Lines of Credit (LOCs) to overseas governments, financial institutions, regional banks and other overseas entities, to finance India’s exports to those countries. Exim Bank’s LOC is a risk-free, non-recourse export financing option available to Indian exporters for promoting their exports.
Detailed explanation-3: -Exim Bank provides Term Loans to export oriented Indian companies to finance their capital expenditure in order to improve their export capabilities and to enhance their international competitiveness.