New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Export Credit Guarantee Corporation (ECGC) is concerned

    with?
    A Credit Correct Answer Incorrect Answer
    B Insurance Correct Answer Incorrect Answer
    C Transport Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Export Credit Guarantee Corporation of India is administered by the Government of India through the Ministry of Commerce and Industry.  It is fundamentally an export promotion organization with a motive to enhance the competitiveness of Indian exports by offering them credit insurance covers.  ECGC was set up for ensuring the smooth functioning of Indian exporters by minimizing the risk associated with the payments emanating from other nations.  ECGC insurance covers also assist the Indian exporters with better access to credit facilities from banks and other financial institutions.  ECGC is the 5th largest credit insurance company dealing with the exports of any country. It also offers Overseas Investment Insurance to the Indian companies investing in Joint Ventures abroad in the form of loans or equity.   Therefore, ECGC is concerned with insurance.

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