When was the Export Credit Guarantee Corporation of India established?

a. 1938

b. 1957

c. 1973

d. 1971

ANSWER: 1957

Explanation:

On 30 July 1957, Export Credit Guarantee Corporation of India Ltd. ( ECGC ) was established. It provides export credit insurance facilities to exporters and banks in India. It functions under the administrative control of Ministry of Commerce & Industry.