{"id":33020,"date":"2024-04-15T09:10:22","date_gmt":"2024-04-15T09:10:22","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33020"},"modified":"2024-04-15T09:10:22","modified_gmt":"2024-04-15T09:10:22","slug":"export-import-exim-bank-of-india-was-set-up-on","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/export-import-exim-bank-of-india-was-set-up-on\/","title":{"rendered":"Export &#8211; Import (EXIM) bank of India was set up on."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;1st January, 1982&#8243; option2=&#8221;1st April, 1991&#8243; option3=&#8221;1st March, 1970&#8243; option4=&#8221;1st July, 1987&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>C. 1st March, 1970<\/strong><\/p>\n<p>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&#8217;s objective is to promote India&#8217;s foreign trade and economic development.<\/p>\n<p>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.<\/p>\n<p>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).<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>Option A is incorrect because EXIM Bank was not set up on 1 January, 1982.<\/li>\n<li>Option B is incorrect because EXIM Bank was not set up on 1 April, 1991.<\/li>\n<li>Option D is incorrect because EXIM Bank was not set up on 1 July, 1987.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;1st January, 1982&#8243; option2=&#8221;1st April, 1991&#8243; option3=&#8221;1st March, 1970&#8243; option4=&#8221;1st July, 1987&#8243; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33020","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Export - Import (EXIM) bank of India was set up on.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/export-import-exim-bank-of-india-was-set-up-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Export - Import (EXIM) bank of India was set up on.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;1st January, 1982&#8243; 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