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Questions and Answers
What is the primary objective of ECGC?
What is the primary objective of ECGC?
- To provide financial assistance to Indian exporters
- To provide insurance to foreign buyers
- To support and strengthen the export promotion drive by providing insurance to Indian exporters against loss in export of goods and services (correct)
- To assist foreign companies in importing goods and services
What types of risks does ECGC cover for exporters?
What types of risks does ECGC cover for exporters?
- Political risk only
- Commercial risk only
- Both political and commercial risk (correct)
- No risk coverage provided
What is one of the important services provided by ECGC?
What is one of the important services provided by ECGC?
- Providing financial assistance to foreign buyers
- Recovering bad debts for foreign buyers
- Providing information about credit worthiness of Indian exporters (correct)
- Assisting foreign companies in diversifying their export activities
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