Which of the following is not provided by EXIM Bank, for financing overseas investments ?
Term loans to Indian Companies towards upto 100% of loan extended by them to the overseas JV/WOS.
Under its Overseas Investment Finance programme, EXIM Bank supports Indian companies setting up or acquiring joint ventures (JV) or wholly owned subsidiaries (WOS) abroad through several facilities.
It gives term loans to Indian companies for up to 80 percent of their equity investment in the overseas JV/WOS, so that facility is provided.
It also gives term loans to Indian companies for up to 80 percent of the loan they extend to the overseas JV/WOS. The ceiling is 80 percent, not 100 percent, so a loan covering the full amount lent by the Indian company is not a facility of EXIM Bank.
In addition, EXIM Bank gives term loans directly to the overseas JV/WOS for part-financing of capital expenditure, and provides guarantees to the overseas JV/WOS for raising term loans or working capital. Both are provided.
Hence, Term loans to Indian Companies towards upto 100% of loan extended by them to the overseas JV/WOS.
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Important Questions from Financial Institutions
The organisation incorporated for retail payment and settlement systems in India is
Indian national strategy for financial inclusion, 2019-24 aims at:
A. Broadening and deepening of financial inclusion
B. Digitisation and seamless facilitation of financial transactions
C. Access to formal financial services in an affordable manner.
D. Women empowerment and strengthening self help group (SHG) ecosystems.
E. Promoting financial literacy and consumer protection
Choose the most appropriate answer from the options given below:
- The Industrial Finance Corporation of India (IFCI) was established in:
_______ was the first Development Financial Institution of India set up to propel economic growth through development of infrastructure and industry in _______.
Which of the followings are the national financial institutions?
(A) Industrial Development Bank of India
(B) Industrial Finance Corporation of India
(C) The State Industrial Development Corporation
(D) United Nations Development Programme
(E) State Financial Corporations.
Choose the correct answer from the options given below:
