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The main function of the EXIM Bank of India is:

  1. A
    To help RBI in regulating foreign exchange
  2. B
    To prevent unlicensed transactions
  3. C
    To promote exports and facilitate 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, credit, and promotional services to cross-border exporters and importers, thus driving the growth of foreign trade.

Practice this question

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The main function of the EXIM Bank of India is:
A
To help RBI in regulating foreign exchange
B
To prevent unlicensed transactions
C
To promote exports and facilitate imports
D
To conserve foreign exchange

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EXIM BankInternational TradeSpecialized Financial Institutions

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