Which of the following statements is not true about the Export-Import Bank of India (EXIM Bank)?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. It was established in 2014 under the Export-Import Bank of India Act.
Export-Import Bank of India (EXIM Bank) is a specialized financial institution, wholly owned by the Government of India, set up in 1982, for financing, facilitating, and promoting foreign trade in India.