Indian Banking and Finance Regulation
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Questions and Answers

What is the primary function of the Export Credit Guarantee Corporation of India (ECGC)?

  • To provide credit to exporters
  • To facilitate foreign exchange transactions
  • To guarantee credit to exporters (correct)
  • To regulate international trade policies
  • What is the main objective of SIDBI's schemes for promotion of small business?

  • To promote entrepreneurship in rural areas
  • To provide financial assistance to large businesses
  • To regulate the activities of small businesses
  • To provide financial assistance to small and medium enterprises (correct)
  • What is the primary function of the Reserve Bank of India (RBI)?

  • To regulate the stock market
  • To provide loans to individuals
  • To act as the central bank and monetary authority (correct)
  • To facilitate foreign exchange transactions
  • What is the main role of NABARD in the Indian regulatory environment?

    <p>To promote agricultural development</p> Signup and view all the answers

    What is the primary function of the Insurance Regulatory and Development Authority (IRDA)?

    <p>To regulate the insurance industry</p> Signup and view all the answers

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