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SSC CPO 2020 PYQ — Question 59

SSC CPO - 23 Nov 2020 - Shift 1 • General Awareness • Q59

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In 2019, the Export Credit Guarantee Corporation of India (ECGC) has introduced the Export Credit Insurance Scheme(ECIS) called ______.

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Correct answer: D

Explanation

The correct answer is option 4 i.e. NIRVIK.

  • Finance Minister Nirmala Sitharaman announced Nirvik (Niryat Rin Vikas Yojana) scheme to provide enhanced insurance cover and reduce premium for small exporters.

  • The scheme is being prepared by the Commerce Ministry.

  • The Export Credit Guarantee Corporation currently provides credit guarantee of up to 60 per cent loss.