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    Question

    Under which of the following’s administrative control

    does ECGC come?
    A RBI Correct Answer Incorrect Answer
    B Exim Bank Correct Answer Incorrect Answer
    C Ministry of Finance Correct Answer Incorrect Answer
    D Ministry of Commerce and Industry Correct Answer Incorrect Answer
    E Ministry of External Affairs Correct Answer Incorrect Answer

    Solution

    ECGC Ltd. (Formerly Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957 with the objective of promoting exports from the country by providing Credit Risk Insurance and related services for exports. It functions under the administrative control of Ministry of Commerce & Industry, and is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking, and insurance and exporting community.

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