Multiple choice

With a view to provide Factoring and Forfaiting services to Indian exporters, EXIM Bank has established a joint venture jointly with—

  1. West Dutch Lands Bank

  2. Bank of Nova Scotia

  3. Union Bank of Switzerland

  4. Bank National De Paris
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A Correct answer
Explanation

EXIM Bank established a joint venture for factoring and forfaiting services with Global Trade Finance Limited, which was promoted by EXIM Bank, International Finance Corporation, and WestLB (Westdeutsche Landesbank).

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