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      Question

      The Union Cabinet has approved __________ crore for the

      investment in Export Credit Guarantee Corporation Ltd. (ECGC).
      A Rs. 3,400 Correct Answer Incorrect Answer
      B Rs. 4,400 Correct Answer Incorrect Answer
      C Rs. 5,000 Correct Answer Incorrect Answer
      D Rs, 3,200 Correct Answer Incorrect Answer
      E Rs. 4,900 Correct Answer Incorrect Answer

      Solution

      The cabinet approved Rs. 4,400 for investment in ECGC for the next 5 years, from FY 22 to FY 26 for providing support to the exporters and the banks. ECGC provides insurance to the banks against risks in export credit lending to the exporter-borrowers.

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