GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following public sector companies/organizations provides insurance cover to exporters?
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RBI
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SIDBI
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ECGC
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NABARD
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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: -Export credit insurance (ECI) protects an exporter of products and services against the risk of non-payment by a foreign buyer.
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.