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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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