Export-Import Bank of India (EXIM Bank) is a specialized financial institution, wholly owned by Government of India. Which of the following is not one of activities undertaken by EXIM Bank?
Extend Lines of Credit (LOCs) to overseas financial institutions
Incorrect AnswerFacilitate two-way technology transfer
Incorrect AnswerUndertaking Indian acquisition
Correct AnswerUndertaking overseas acquisition
Incorrect AnswerExplanation:
Undertaking Indian acquisition is not among the activity undertaken by EXIM Bank.
Export–Import Bank of India is the premier export finance institution in India, established in 1982 under Export-Import Bank of India Act 1981. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment.
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By: Abhipedia