2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$1 billion
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$2 billion
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$3 billion
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$5 billion
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Detailed explanation-1: -Export Import Bank of India (EXIM) Bank has broken the international bond drought from India by raising $1 billion from investors across the globe.
Detailed explanation-2: -Line of Credit: Under this scheme, the EXIM bank offers credit to foreign governments and their agencies and overseas financial institutions to finance import of eligible goods from India.
Detailed explanation-3: -MUMBAI : Export-Import Bank of India (Exim Bank) on Thursday said it has, on behalf of the government of India, extended a line of credit of $500 million to the government of the socialist republic of Sri Lanka for financing purchase of petroleum products. The agreement to this effect, was signed by S. R.
Detailed explanation-4: -Exim Bank extends Lines of Credit (LOCs) to overseas governments, financial institutions, regional banks and other overseas entities, to finance India’s exports to those countries. Exim Bank’s LOC is a risk-free, non-recourse export financing option available to Indian exporters for promoting their exports.
Detailed explanation-5: -Exim Bank provides Term Loans to export oriented Indian companies to finance their capital expenditure in order to improve their export capabilities and to enhance their international competitiveness.