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The main function of the EXIM Bank is

  1. A
    to help RBI in the regulation of foreign exchange.
  2. B
    to prevent unlicensed transaction.
  3. C
    to promote exports and curtail imports.
  4. D
    to conserve foreign exchange.

Solution & Step-by-step Explanation

The Export-Import Bank of India (EXIM Bank) was set up in 1982 to provide financial assistance, trade credits, and structural support to businesses engaged in international trade, operating with the primary long-term objective to promote exports and logically regulate or curtail unnecessary imports to maintain trade balance.

Practice this question

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The main function of the EXIM Bank is
A
to help RBI in the regulation of foreign exchange.
B
to prevent unlicensed transaction.
C
to promote exports and curtail imports.
D
to conserve foreign exchange.

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Financial InstitutionsBankingInternational Trade

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