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Question
Match the following.
List I: (Financial institutions)
List II: (Nature of Activity)
List I: (Financial institutions)
List II: (Nature of Activity)
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Solution
ECGC=The main functions of the corporation are to provide insurance to export risks and to finance exports.E.C.G.C. helps exporters by furnishing guarantees to the financial banks in order to enable them to provide sufficient credit facilities.GIC=To carry on the general insurance business other than life, such as accident, fire etcHUDCO=To provide long term finance for construction of houses for residential purposes or finance or undertake housing and urban development programmes in the country.ICICI bank is a private bank established in india
ECGC=The main functions of the corporation are to provide insurance to export risks and to finance exports.E.C.G.C. helps exporters by furnishing guarantees to the financial banks in order to enable them to provide sufficient credit facilities.
GIC=To carry on the general insurance business other than life, such as accident, fire etc
HUDCO=To provide long term finance for construction of houses for residential purposes or finance or undertake housing and urban development programmes in the country.
ICICI bank is a private bank established in india
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