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Which development bank is responsible for promoting foreign trade in India?
  • a)
    Small Industries Development Bank of India (SIDBI)
  • b)
    National Housing Bank (NHB)
  • c)
    Export-Import Bank of India (EXIM Bank)
  • d)
    Industrial Credit and Investment Corporation of India (ICICI)
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which development bank is responsible for promoting foreign trade in I...
The Export-Import Bank of India (EXIM Bank) is responsible for promoting foreign trade in India. It provides medium and long-term loans to exporters and importers, facilitates overseas buyers' credit, and encourages foreign banks to finance the purchase of Indian capital goods.
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Which development bank is responsible for promoting foreign trade in India?a)Small Industries Development Bank of India (SIDBI)b)National Housing Bank (NHB)c)Export-Import Bank of India (EXIM Bank)d)Industrial Credit and Investment Corporation of India (ICICI)Correct answer is option 'C'. Can you explain this answer?
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