ROLE OF EXIM BANK
Master of Commerce – M.Com First Year Solved Assignments for July 2019 and January 2020 Admission Cycles
M.COM First Year Tutor Marked Solved Assignment
Course Code: IBO – 04
Course Title: Export-Import Procedures & Documentation
Assignment Code: IBO-04/TMA/2019-20
Coverage: All Blocks
Course Title: Export-Import Procedures & Documentation
Assignment Code: IBO-04/TMA/2019-20
Coverage: All Blocks
IBO – 04 Export-Import Procedures & Documentation Solved Assignment for 2019-20
Q5.) Write notes on the following:
(b.) Role of Export-Import Bank of India:
Ans: Export and Import Bank of India was established in 1982 for providing finance to the Export and Import trade of eligible goods and to facilitate and promote foreign trade. The EXIM Bank is the principal financial institution in the country which coordinates the working of other institutions tending finance for export-import activities. The Operational Philosophy of EXIM Bank emphasis its functional roles in the promotion of foreign trade. It encompasses:
> To make exporters competitive on the basis of financial terms offered by them.
> To provide Indian exporters with alternate financial solutions and enable them to become competent internationally.
> To provide relevant and timely information to Indian exporters about export opportunities in various areas of export.
> To provide currency advice to Indian producers to enable them to make cost-competent exports.
> To provide marketing and production finance to Indian manufacturers to make their products internally competitive.
> To look into the problems of Indian exporters and work on policies for resolution.
> The Bank provides assistance in various financial, marketing, and technical aspects to accelerate the growth of the Indian economy.
> EXIM Bank offers credit facilities for setting up export-oriented units, export processing zones, Domestic Tariff Areas, and units exporting at least 25% of their total annual sales.
> The bank offers loans to importers, financial institutions, and foreign governments.
> The bank offers facilities like export bill discounting, refinance of export credits, and term loans for Commercial Banks of India.
(b.) Role of Export-Import Bank of India:
Ans: Export and Import Bank of India was established in 1982 for providing finance to the Export and Import trade of eligible goods and to facilitate and promote foreign trade. The EXIM Bank is the principal financial institution in the country which coordinates the working of other institutions tending finance for export-import activities. The Operational Philosophy of EXIM Bank emphasis its functional roles in the promotion of foreign trade. It encompasses:
> To make exporters competitive on the basis of financial terms offered by them.
> To provide Indian exporters with alternate financial solutions and enable them to become competent internationally.
> To provide relevant and timely information to Indian exporters about export opportunities in various areas of export.
> To provide currency advice to Indian producers to enable them to make cost-competent exports.
> To provide marketing and production finance to Indian manufacturers to make their products internally competitive.
> To look into the problems of Indian exporters and work on policies for resolution.
> The Bank provides assistance in various financial, marketing, and technical aspects to accelerate the growth of the Indian economy.
> EXIM Bank offers credit facilities for setting up export-oriented units, export processing zones, Domestic Tariff Areas, and units exporting at least 25% of their total annual sales.
> The bank offers loans to importers, financial institutions, and foreign governments.
> The bank offers facilities like export bill discounting, refinance of export credits, and term loans for Commercial Banks of India.
ROLE OF EXIM BANK
Reviewed by Simran
on
April 29, 2020
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Reviewed by Simran
on
April 29, 2020
Rating:
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