Which of the following insurance products covers the exporters against losses resulting from both commercial and non-commercial (political) risks in respect of goods sold to foreign buyers on credit?

Which of the following insurance products covers the exporters against losses resulting from both commercial and non-commercial (political) risks in respect of goods sold to foreign buyers on credit? Correct Answer Export Credit Guarantee Scheme

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Related Questions

Which of the following correctly describes, what the Bancassurance is
1. It is an arrangement where by the branches of a bank sell/distribute insurance products of an insurance company.
2. It is a new product developed/launched by the banks in which the risks of the high value customers are covered for any losses to their property and/or lives through an insurance cover.
3. It is a new product launched by the banks by which they are providing insurance cover to exporters/importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies.
Select the correct answer
Which of the following statements are not correct in relation to pre-shipment credit in foreign currency?
Statement I It is a foreign currency loan available, both, to the importers and exporters.
Statement II It is self-liquidating in nature and can be liquidated by purchasing/discounting of bills.
Statement III Refinance from RBI is available to banks against pre-shipment credit in foreign currency.
Statement IV The interest rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.
Statement : Exporters in the capital are alleging that commercial banks are violating a Reserve Bank of India directive to operate a post shipment export credit denominated in foreign currency at international rates from January this year.

Courses of Action :
I. The officers concerned in the commercial banks are to be suspended.
II. The RBI should be asked to stop giving such directives to commercial banks.
The insurance policy that covers exporters against commercial and political risk is.
Which of the following facts are true in the context of forfaiting?
1. Forfaiting enables exporters to receive immediate cash by selling their medium and long-term receivables - the amount an importer owes the exporterat a discount through an intermediary.
2. Banks never function as forfaiters.
3. Forfaiting protects against credit risk, transfer risk, and the risks posed by foreign exchange rate or interest rate changes.
Shopping goods have which of the following features?
I. These products are generally durable in nature
II. Consumers generally compare the goods of various sellers and the buy such goods
III. Per unit price of these goods is generally high
IV. These goods are regularly and continuously in demand
V. These goods are sold as a result of aggressive promotional efforts
Choose the right answer from the options given below:
For perfect competition, indicate the correct answer for essential conditions from the following.
1. Large number of buyers and sellers
2. Perfect knowledge of the market
3. Homogeneous product for sale
4. Absence of transportation cost
5. Freedom of entry and exit of buyers and sellers from the market
6. Rational Behaviour of buyers and sellers
Arrange the following in correct sequence of pre-shipment export procedure.
1. Approaching foreign buyers
2. Inquiring and making an offer
3. The letter of credit is opened by the importer
4. Exporter obtains ta pre-shipment finance
5. Exporter arranges for the production
6. Exporter then properly packs and marks the goods with details
7. Exporter then contacts the Export Inspection Agency (EIA) to obtain a inspection certificate
8. Exporter then seeks for exemptions under central excise duty
9. Exporter then obtains the insurance cover under the ECGE
10. Exporter appoints a Clearing and Forwarding (C & F)
Which of the following are the important features of option contracts?
1. Buyers of option have limited liability.
2. Options have high degree of risk to option writers.
3. Options are exercisable only by buyers of option.
4. Buyers of option have all rights which are available to equity shareholders of the concerned companies.
Read the following paragraph and answer the question based on it. The ongoing progress in technologies continue to throw up fresh risks related to data privacy nd security. There can be no true progress in technologies without such risks. The IT industries need to be equipped to handle such risks. Which option relates best to the above statement ?