In January 2019, the Union Cabinet headed by Prime Minister Narendra Modi approved a capital infusion of Rs............ in state-owned
Export-Import Bank of India (EXIM Bank) to expand its business.
This questions was previously asked in
SSC CPO 12th-March-2019-Shift-1
9,000 crore
Incorrect Answer2,000 crore
Incorrect Answer6,000 crore
Correct Answer4,000 crore
Incorrect AnswerExplanation:
- In January 2019, the Union Cabinet, led by Prime Minister Narendra Modi, approved a capital infusion for the Export-Import Bank of India (EXIM Bank).
- This decision aimed to expand EXIM Bank's business operations, providing it with more capacity to support export and import financing.
- Option 1: 9,000 crore - This amount does not match the approved capital infusion announced in January 2019.
- Option 2: 2,000 crore - This amount is significantly lower than the actual approved figure.
- Option 3: 6,000 crore - This is the correct amount that was approved for capital infusion into EXIM Bank.
- Option 4: 4,000 crore - This is not the correct figure based on the 2019 announcement.
It was indeed 6,000 crore.