Question

The major institutions offering assistance to exporters are ______________.

• A. Commercial Banks
• B. Reserve Bank and Cooperative Bank
• C. Export Credit and Guarantee Corporation (ECGC)
• D. Both (a) and (c)

Answer 1

The correct option is D Both (a) and (c)

The major institutions that offer assistance to exporters are the commercial banks that provide loan to these exporters at a very nominal rate and the Export Credit and Guarantee Corporation (ECGC) which was set up in 1957 by the Ministry of Commerce, Government of India to provide export credit insurance support to Indian exporters.

Hence, option (D) is the correct answer.