2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gurgaon
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Mumbai
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Hyderabad
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Pune
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Detailed explanation-1: -ECGC Limited (Formerly Export Credit Guarantee Corporation of India Limited) is a government owned export credit agency of India. It is under the ownership of Ministry of Commerce and Industry, Government of India, and is headquartered in Mumbai, Maharashtra.
Detailed explanation-2: -Ministry of Commerce and Industry.
Detailed explanation-3: -ECGC is basically an export promotion company, seeking to improve the competitiveness of exports from India by providing them with credit insurance covers. The Corporation has introduced various export credit insurance schemes to meet the requirements of commercial banks offering export credit.
Detailed explanation-4: -Azerbaijan, Belarus, Georgia, Moldova, Kazakhstan, Russian Federation, Ukraine are placed in the open cover category which will enable policyholders to obtain cover on a more liberalized basis.
Detailed explanation-5: -Turnover policy is a variation of the standard policy for the benefit of large exporters who contribute not less than Rs. 10 lacs per annum towards premium. Therefore all the exporters who will pay a premium of Rs. 10 lacs in a year are entitled to avail of it.