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What is the primary function of the Export-Import Bank of India (EXIM Bank)?
Regulating export-import transactions
Providing insurance coverage for export transactions
Extending financial assistance and export credits to Indian exporters
Supervising customs and excise duties
None of the above
The primary function of the Export-Import Bank of India (EXIM Bank) is to extend financial assistance and export credits to Indian exporters to promote and facilitate India's international trade and economic cooperation. EXIM Bank provides a range of financial products and services, including pre-shipment and post-shipment export finance, buyer's credit, lines of credit to foreign governments and banks, and export-related advisory services to Indian exporters and overseas buyers. By supporting export-oriented industries, facilitating access to export markets, and mitigating export-related risks, EXIM Bank contributes to the expansion of India's exports, employment generation, and economic development.
By: shalini dhiman ProfileResourcesReport error
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