The 'Export Credit Guarantee Corporation of India' provides: MCQ with Answer and Explanation

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The 'Export Credit Guarantee Corporation of India' provides:

A. credit risk insurance to exporters

B. stock trading

C. banking services to public

D. crop insurance

Answer: Option A

Solution (By JKSSB Mock Tests)

ECGC provides credit risk insurance to exporters against payment defaults.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Asian Development Bank' was established in which year?

A. 1944

B. 1995

C. 1966

D. 1971

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Correct Answer: Option C

Explanation:
The Asian Development Bank was established in 1966.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is an example of an automatic stabiliser in the economy?

A. Open market operations

B. Progressive income tax

C. Change in repo rate

D. Discretionary government spending

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Correct Answer: Option B

Explanation:
Automatic stabilisers are features of the fiscal system that automatically dampen economic fluctuations without new legislation. Progressive income tax reduces disposable income during booms and increases it during recessions.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Department for Promotion of Industry and Internal Trade' is under which ministry?

A. Ministry of Heavy Industries

B. Ministry of MSME

C. Ministry of Finance

D. Ministry of Commerce and Industry

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Correct Answer: Option D

Explanation:
DPIIT is under the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

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