Role of EXIM bank , Reserve bank of India,Exchange control of India-FEMA and FEDAI and others
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One-liners from this chapter
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What is the primary mandate of EXIM Bank of India?
EXIM Bank of India was established in 1982 to finance, facilitate, and promote India's international trade and investment. It provides long-term finance and related services to exporters and importers.
What is the full form of EXIM Bank?
Export-Import Bank of India
Under which Act was EXIM Bank of India established?
EXIM Bank of India was established under the Export-Import Bank of India Act, 1981, and commenced operations on January 1, 1982.
In which year was EXIM Bank of India established?
EXIM Bank was established in 1982
What is the full form of FEMA?
FEMA stands for the Foreign Exchange Management Act, which was enacted in 1999 to replace the Foreign Exchange Regulation Act (FERA) of 1973.
Which ministry oversees EXIM Bank of India?
Ministry of Finance, Government of India
How does FEMA differ from FERA in terms of violation treatment?
Under FERA, violations were treated as criminal offences, whereas under FEMA, violations are treated as civil offences, making it more business-friendly and liberalised.
What is the full form of FEDAI?
Foreign Exchange Dealers Association of India
Video classes for this chapter
Role of EXIM bank , Reserve bank of India,Exchange control of India-FEMA and FEDAI and others
Role of EXIM bank , Reserve bank of India,Exchange control of India-FEMA and FEDAI and others
Role of EXIM bank , Reserve bank of India,Exchange control of India-FEMA and FEDAI and others
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