The export import (EXIM) Bank was set up in _____.

1980

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1982

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1981

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1989

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Solution

The correct option is B 1982
The Export-Import Bank (Exim bank) was set up on January 1, 1982 to take over the operations of international finance wing of the IDBI and to provide financial assistance to exporters and importers and to function as a head financial institution for coordinating the working of other institutions engaged in financing of exports and imports of goods and services.

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