Question

_______ is a statutory corporation wholly owned by the Government of India for the purpose of financing, facilitating and promoting foreign trade of India.

• A. Small Industries Development Bank of India
• B. National Bank for Agricultural and Rural Development
• C. Export Import Bank of India (EXIM Bank)
• D. Industrial Development Bank of India

Answer 1

Answer: (C)

Export Import Bank of India (EXIM Bank)

Export Import Bank (EXIM Bank) is a statutory corporation wholly owned by the Government of India for the purpose of financing, facilitating and promoting foreign trade of India. Export Import Bank extends lines of credit to overseas governments, other financial institutions in order to finance India's exports to those countries.