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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