Name of premier institution that is taking care of the financial needs of importers and exporters of our country which was established in the year 1981.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	EXPO Bank
B	Export-Import Bank (EXIM)
C	Merchant Bank
D	ECGC

Explanation:

Detailed explanation-1: -Exim Bank was established by the Government of India, under the Export-Import Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export Credit Agencies. Exim Bank serves as a growth engine for industries and SMEs through a wide range of products and services.

Detailed explanation-2: -Export-Import Bank of India is the premier export finance institution of the country that seeks to build value by integrating foreign trade and investment with the economic rise of India.

Detailed explanation-3: -Export-Import Bank of India (Exim Bank) operates a comprehensive range of financing, advisory and support programmes to promote and facilitate India’s trade and investment with the CIS countries.

Detailed explanation-4: -Buyer’s Credit: Under this scheme, the EXIM bank offers credit to overseas buyers to finance import of eligible goods from India on deferral credit terms.

There is 1 question to complete.