What are the objectives and functions of Exim?

Objectives of Exim Policy : To facilitate sustained growth in exports from India and import in India. To stimulate sustained economic growth by providing access to essential raw materials, intermediates, components, consumables and capital goods scheme required for augmenting production and providing services.

Which is the main objective of Exim Bank?

The objective of the EXIM Bank had been to import technology and export marketing and product development, export production, pre-shipment and post-shipment, and overseas investment.

Which is not the function of Exim Bank?

Correct Answer: B) Inspection of exported goods for quality assurance.

What do you mean by Exim Bank?

Definition: Export Import Bank (Exim Banks) are government or semi government agencies that ensure the safety and growth of a country’s foreign trade. They provide customized financial instruments to safeguard the interests of exporters against default/nonpayment from the importers.

Why was Exim Bank set up?

Export-Import Bank of India (Exim Bank) was set up in 1982 by an Act of Parliament for the purpose of financing, facilitating and promoting India’s foreign trade. It is the principal financial institution in the country for coordinating the working of institutions engaged in financing exports and imports.

What are the features of development bank?

Features of a Development Bank:

• It is a specialised financial institution.
• It provides medium and long term finance to business units.
• Unlike commercial banks, it does not accept deposits from the public.
• It is not just a term-lending institution.
• It is essentially a development-oriented bank.

What is the role played by Exim Bank in international marketing?

Exim Bank extends Lines of Credit (LOCs) to overseas governments, financial institutions, regional banks and other overseas entities, to finance India’s exports to those countries. Exim Bank’s LOC is a risk-free, non-recourse export financing option available to Indian exporters for promoting their exports.

What are the three functions of money market?

Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.

What are the functions of money market in India discuss in detail?

The role of the money market in India can be explained as follows: Short-term requirements of borrowers: Money market provides access to sources of funds to borrowers in order to meet their short-term requirements at reasonable interest rates. Liquidity Management: Money market is a dynamic market.

What is Development Bank explain the functions of IDBI?

The main functions of the IDBI may be stated as follows: 1. Planning, promoting and developing industries with a view to fill the gaps in the industrial structure by conceiving, preparing and floating new projects. 2. Providing technical and administrative assistance for promotion, management and expansion of industry.

Why does the U.S. need the Exim Bank?

US Exim Bank helps US companies export: Financing may be too expensive in overseas markets. For instance,in Argentina local borrowing costs are about 60\%.

What does Exim Bank stand for?

The Export-Import Bank of the United States (EXIM) is a government agency that provides a variety of tools intended to aid the export of American goods and services. The mission of the Bank is to create and sustain U.S. jobs by financing sales of U.S. exports to international buyers.

What does Exim stand for?

Exim is a mail transfer agent used on Unix-like operating systems. Exim is free software distributed under the terms of the GNU General Public License , and it aims to be a general and flexible mailer with extensive facilities for checking incoming e-mail.

What is the meaning of Exim Policy?

Export-Import (EXIM) Policy frames rules and regulations for exports and imports of a country. This policy is also known as Foreign Trade Policy. It provides policy and strategy of the government to be followed for promoting exports and regulating imports.