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Economics
Banking Question Answers
The main objectives of the Export-Import Bank (EXIM Bank) are:
The main objectives of the Export-Import Bank (EXIM Bank) are:
(i) to ensure an integrated and coordinated approach to solving the problems of exporters
(ii) to provide special attention to capital goods export and export of technical services
(iii) to tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports.
(iv) to provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports.
(v) to provide refinance facilities to commercial banks and financial institutions against their export-import financing activities
( both (i) and (ii)
( only (iii), (iv), and (v)
( All the above
( None of the above
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Which of the following is true about the functions performed by RBI - (i) It is the Bank of Issue (ii) It acts as banker to the Government(iii) It is the banker of other banks (iv) It regulates the flow of credit(a) Both (i) and (ii)(b) Both (iii) and (iv)(c) All the Above(d) None of the aboveView Answer / Hide AnswerANSWER: (c) All the AboveThe Reserve Bank of India, as the central bank of the country, functions as the sole bank with the right of issuing paper notes, it acts as banker to the Government, it is the banker to other bank and it regulates the flow of credit.
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