Multiple choice

The Exim Bank, which provides financial assistance for export and import, was set up in the year

  1. 1980

  2. 1981

  3. 1982

  4. 1985

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Export-Import Bank of India (Exim Bank) was established in 1982 under the Export-Import Bank of India Act. It was set up to provide financial assistance for exports and imports, and to function as the principal financial institution for coordinating working of institutions engaged in financing exports and imports.