CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Exim Bank has announced to give $400 million to which country?
A
Sri Lanka
B
Maldives
C
Bangladesh
D
Nepal
Explanation: 

Detailed explanation-1: -Exim Bank on Monday said it has extended a line of credit of USD 100 million to the Maldives for financing developmental projects. Exim Bank’s overall commitment to the strategically important island nation located in close proximity goes to six lines of credit totalling USD 1.43 billion, as per an official statement.

Detailed explanation-2: -Exim Bank (Bangladesh), one of the leading private commercial banks in Bangladesh. Exim Bank (Comoros), a commercial bank in the Comoros. Exim Bank (Djibouti), a commercial bank in Djibouti. Exim Bank (India), a finance institution in India, established in 1982 under Export-Import Bank of India Act 1981.

Detailed explanation-3: -HEAD OFFICE, MUMBAI Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005.

Detailed explanation-4: -The correct answer is to promote exports and curtail imports. The Export-Import Bank of India, commonly known as the EXIM bank, was set up on January 1, 1982, to provide financial assistance to exporters and importers to promote India’s foreign trade.

There is 1 question to complete.