GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to ensure an integrated and coordinated approach to solving the problems of exporters
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to tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports.
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to provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports.
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all of the above
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Detailed explanation-1: -The major functions of the EXIM Bank include: Financing exports and imports of goods and services from India. Financing the import and export of goods and services other countries as well. Underwriting shares/ stocks/ debentures/ bonds of companies that carry out foreign trade.
Detailed explanation-2: -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.
Detailed explanation-3: -What are the objectives of the Exim Policy? To increase India’s export and import growth. To stimulate long-term economic growth by increasing access to intermediates, components, consumables, essential raw materials, and capital goods.