BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a bank unique to every country?
A
Bank for International Settlements
B
International Finance Corporation
C
Export Import Bank
D
Asian Development Bank
Explanation: 

Detailed explanation-1: -The bank grants loans to exporters and importers and also provides information about the international market.

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. Exim Bank serves as a growth engine for industries and SMEs through a wide range of products and services.

Detailed explanation-3: -The Export-Import Bank assists American businesses export their goods by providing financial assistance in the form of loans, loan guarantees and insurance. The focus of the Export-Import Bank is on assisting small businesses.

Detailed explanation-4: -The 4 different types of banks are Central Bank, Commercial Bank, Cooperative Banks, Regional Rural Banks.

Detailed explanation-5: -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.

There is 1 question to complete.