GENERAL KNOWLEDGE

Detailed explanation-1: -Export-Import Bank of India was thus born after two decades of debate on the need for a specialized export credit agency for India and the role of international trade in India’s economic development. The Export-Import Bank of India Act was passed in September 1981 and the Bank commenced its operations in March 1982.

Detailed explanation-2: -Exim Policy 1992-1997 liberalize imports and boost exports, the Government of India for the first time introduced the Indian Exim Policy on April I, 1992.