GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which organization provides guarantee to the exporters?
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Exim Bank
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Reserve Bank of India
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Registrar of companies
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Export Credit Guarantee Corporation
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Explanation:
Detailed explanation-1: -The ECGC Ltd. (formerly known as Export Credit Guarantee Corporation of India Ltd.) wholly owned by government of India, was set up in 1957 with the objective of promoting exports from the country by providing credit risk insurance and related services for exports.
Detailed explanation-2: -The export credit guarantee is for investors who wish to invest in export credit. This scheme was introduced in 2009, during the economic crisis, to rekindle the financing of export credits.
Detailed explanation-3: -Packing Credit Guarantee. Export Production Finance Guarantee. Post-Shipment Credit Guarantee. Export Finance Guarantee. Export Performance Guarantee. Export Finance (Overseas Lending) Guarantee.
There is 1 question to complete.