[amp_mcq option1=”1st January, 1982″ option2=”1st April, 1991″ option3=”1st March, 1970″ option4=”1st July, 1987″ correct=”option3″]
The correct answer is: C. 1st March, 1970
The Export-Import Bank of India (EXIM Bank) is a state-owned financial institution in India that provides financial assistance to exporters and importers. It was established on 1 March 1970 by an Act of Parliament. The bank’s objective is to promote India’s foreign trade and economic development.
EXIM Bank provides a variety of financial products and services, including loans, guarantees, and insurance. It also provides advisory services to exporters and importers. The bank has a network of offices in India and overseas.
EXIM Bank is a member of the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the Asian Development Bank (ADB), and the World Trade Organization (WTO).
The other options are incorrect because:
- Option A is incorrect because EXIM Bank was not set up on 1 January, 1982.
- Option B is incorrect because EXIM Bank was not set up on 1 April, 1991.
- Option D is incorrect because EXIM Bank was not set up on 1 July, 1987.