BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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rediscounting of foreign bills of commercial banks
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advisory services to the exporters
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research and market surveys
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All of the above
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Detailed explanation-1: -Exim Bank serves as a growth engine for industries and SMEs through a wide range of products and services. This includes import of technology and export product development, export production, export marketing, pre-shipment and post-shipment and overseas investment.
Detailed explanation-2: -The correct answer is to promote exports and curtail imports. The Export-Import Bank of India, commonly known as the EXIM bank, was set up on January 1, 1982, to provide financial assistance to exporters and importers to promote India’s foreign trade.
Detailed explanation-3: -We provide working capital finance by way of pre-shipment credit and post-shipment credit. We also extend non-fund based limits including issuance of Letters of Credit (both foreign & inland) and Bank Guarantees (both foreign & inland) as part of our export credit assistance to clients.