Press Enter

Share with your friends and help them crack UPSC!

Or Share on


Correct Option is Post-shipment credit

Export-Import Bank(EXIM) Bank was established by Government in 1982. It is the apex institution in India for foreign and International Trade. Its ultimate aim is to facilitate and promote foreign trade by providing financial assistance to importers and exporters of the Nation.
Major functions of EXIM Bank are:-
Financing import and exports of goods and services from India.
It finances the import and export of goods and services from countries other than India as well.
It aids financial assistance to the import or export of machinery on the lease or on a hire purchase basis.
It provides refinancing services to financial institutions for their financing of International Trade.
Providing technical assistance and administrative guidance to importers and exporters.
'Finance for exporting companies' as part of major programs of the Exim Bank of India does not include post-shipment credit.

Get access to all of our verified questions