GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IRDA
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ECGC
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SIDBI
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NABARD
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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: -ECGC Ltd. has introduced a scheme to provide enhanced export credit risk insurance cover to the extent of 90% to support small exporters. In this regard it has signed up State Bank of India (SBI) under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment (ECIB-WTPC & PS).
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.