WBCS.LIVE practice question

In which year was the Export-Import Bank of India (EXIM Bank) established?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 1964
  2. 1982
  3. 1990
  4. 2001

Correct answer and explanation

Correct answer: 1982

Explanation: āœ… Correct Answer: B) 1982 šŸ“š Explanation: The EXIM Bank was established in 1982 under the Export-Import Bank of India Act as a specialized financial institution. Its primary purpose is to provide financial assistance to exporters and importers and to promote India's international trade. It coordinates the working of institutions engaged in financing export and import of goods and services.