Discussion
What is the full form of "EXIM Bank"?
Answer: C
Correct answer: Export Import Bank of India
The Export-Import Bank of India was established in 1982 as the country's export credit agency, financing and promoting foreign trade.
It lends to Indian exporters, extends buyer's credit and lines of credit to overseas buyers and governments so that they can purchase Indian goods, and supports overseas investment by Indian companies. It is wholly owned by the Government of India. Its lines of credit to developing countries are also an instrument of economic diplomacy, which is why it is often mentioned alongside foreign policy.
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