BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The EXIM bank of India was established in
A
1964
B
1970
C
1982
D
1984
Explanation: 

Detailed explanation-1: -The Export-Import Bank of India Act was passed in September 1981 and the Bank commenced its operations in March 1982.

Detailed explanation-2: -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.

Detailed explanation-3: -liberalize imports and boost exports, the Government of India for the first time introduced the Indian Exim Policy on April I, 1992.

Detailed explanation-4: -We are a specialized financial institution wholly owned by the Government of India with presence in Indian and foreign cities around the world. We were set up in 1982, for the purpose of financing, facilitating and promoting India’s international trade.

There is 1 question to complete.