2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FICCI
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RBI
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CII
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EXIM Bank
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Detailed explanation-1: -Johannesburg, October 31, 2022 - Export-Import Bank of India (India Exim Bank)has concluded a Master Risk Participation Agreement for supporting trade transactions with FirstRand Bank (FRB) Limited.
Detailed explanation-2: -The CECPA is the first trade Agreement signed by India with a country in Africa.
Detailed explanation-3: -India’s main exports to Africa are refined petroleum products and pharmaceuticals while Africa primarily exports crude oil, gold, coal and other minerals.
Detailed explanation-4: -The main products that India exported to South Africa are Packaged Medicaments ($653M), Refined Petroleum ($586M), and Cars ($487M). During the last 25 years the exports of India to South Africa have increased at an annualized rate of 10.4%, from $300M in 1995 to $3.58B in 2020.
Detailed explanation-5: -The Deccan peninsula protrudes into the Indian Ocean, thus helping India to establish close contact with West Asia, Africa and Europe from the Western coast and South-East and East Asia from the Eastern coast.