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Which of the following statements is NOT...

Which of the following statements is NOT true about the Export-Import Bank of India (EXIM BANK)?

A

Its main objective is to provide financial assistance to promote Indian exports.

B

It is a premier export finance institution of India

C

The Bank provides assistance in helping Indian firms in their globalization efforts

D

It was established in 2014 under the Export-Import Bank of India Act.

Text Solution

Verified by Experts

The correct Answer is:
D
Export–Import Bank of India is a finance institution in India, established in 1982 under Export-Import Bank of India Act 1981. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment.
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