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Questions and Answers
What risks are covered under the standard policy of ECGC for short term credit exports?
What risks are covered under the standard policy of ECGC for short term credit exports?
- Only commercial risks
- Only political risks
- Both commercial and political risks (correct)
- None of the above
What is the minimum anticipated export turnover required for an exporter to be eligible for the standard policy of ECGC?
What is the minimum anticipated export turnover required for an exporter to be eligible for the standard policy of ECGC?
- Rs. 10 lakhs
- Rs. 25 lakhs
- Rs. 50 lakhs (correct)
- Rs. 75 lakhs
What is the purpose of the policies provided by ECGC for short term credit exports?
What is the purpose of the policies provided by ECGC for short term credit exports?
- To provide cover for shipments in long term credit on whole turnover basis
- To provide cover for shipments in short term credit on individual basis
- To provide cover for shipments in short term credit on whole turnover basis (correct)
- To provide cover for shipments in long term credit on individual basis
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