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What is Export Credit Guarantee Corporation?

10. What is Export Credit Guarantee Corporation?

1. A range of insurance covers Indian exporters against the risk of non – realization of export proceeds due to commercial or political risks.
2. An export finance-based institution engaged in integrating foreign trade and investments with the national economic growth.
3. A financial market in which long-term debt or equity-backed securities are bought and sold.
4. None of the Above

Answer: A) A range of insurance covers Indian exporters against the risk of non – realization of export proceeds due to commercial or political risks

Explanation:

ECGC Ltd. (Previously known as Export Credit Guarantee Corporation of India Ltd.) completely claimed by the Government of India, was set up in 1957 with the goal of advancing commodities from the country by giving credit hazard protection and related administrations for sending out. Throughout the long term, it has planned diverse commodity credit hazard protection items to suit the prerequisites of Indian exporters. ECGC is basically a product advancement association, trying to work on the seriousness of the Indian commodities by giving them credit protection covers.