Static GK - Organizations & Headquarters
Which organisation is responsible for financing and promoting exports and imports in India?
Which organisation is responsible for financing and promoting exports and imports in India?
easy Q1 of 15
Step-by-Step Solution
Step 1: Understand the organisation's role
The question asks about the institution responsible for financing exports and imports in India.Step 2: Identify the correct organisation
Export-Import Bank of India (EXIM Bank) was established in 1982 to finance and promote India's international trade.Final Answer:
Export-Import Bank of India (EXIM Bank) → Option CQuick Check:
Export-Import Bank of India role = financing exports and imports ✅
Quick Trick: EXIM Bank is linked to foreign trade financing.
Common Mistakes:
MISTAKES- Confusing EXIM Bank with IDBI or SIDBI which focus on domestic industries.
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