Question
The standard policy of ECGC covers the risk of which of
the following?Solution
ECGC offers a series of credit risk insurance schemes for the Indian exporters against the losses incurred in the export of their goods and services. It also provides Export Credit Insurance covers to the banks and other financial institutions for enabling exporters to find better services from them. ECGC Ltd. (Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957.
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