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Question

The standard policy of ECGC covers the risk of which of the following?

A Buyers failure to obtain import license Correct Answer Incorrect Answer
B Insolvency of the collecting bank Correct Answer Incorrect Answer
C Cancellation of the import license in the buyer's country Correct Answer Incorrect Answer
D All of the above Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

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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