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      Question

      Which one of the following is set up to promote Exports

      and reduce Imports?
      A RBI Correct Answer Incorrect Answer
      B National development council Correct Answer Incorrect Answer
      C EXIM Bank Correct Answer Incorrect Answer
      D NABARD Correct Answer Incorrect Answer
      E SIDBI Correct Answer Incorrect Answer

      Solution

      The Export-Import Bank of India Act was passed in September 1981 and the Bank commenced its operations in March 1982.

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