2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs.25, 000 crore
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Rs.35, 000 crore
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Rs.20, 000 crore
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Rs.15, 000 crore
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Detailed explanation-1: -Data released by the Reserve Bank of India (RBI) showed that the export credit from banks has seen a 25.1% dip to Rs 16, 909 crore at the end of October 21, 2022, compared with what it was a year ago.
Detailed explanation-2: -EXIM BANK, on Behalf of The Government of India, Extends a Short-Term Line Of Credit Of USD 55 Million To The Government Of The Socialist Republic Of Sri Lanka.
Detailed explanation-3: -A Line of Credit is a financing mechanism through which Exim Bank extends support for export of projects, equipment, goods and services from India. Exim Bank extends LOCs on its own and also with the support of Government of India.
Detailed explanation-4: -Packing Credit Limit (PCL) is provided to an exporter for financing the purchase, processing, manufacture or packing of goods prior to shipment /working capital expenses. Period of the facility is based on Export Cycle up to 6 months(180 days)