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What is the full form of NEIA?
Question

What is the full form of NEIA?

A.

National Export Insurance Authority

B.

National Emergency Insurance Account

C.

National Export Insurance Account

D.

National Export Issuance Account

Correct option is C

· The full form of NEIA is National Export Insurance Account.
· The National Export Insurance Account (NEIA) Trust aims to ensure the availability of credit risk cover for projects and other high-value exports, which are desirable from the point of view of national interest, but which ECGC is unable to underwrite due to capacity constraints or at terms, which are different from its regular policies.
· NEIA provides additional support to the insurance cover provided by ECGC for project exports making Indian project exporters more competitive and gain a stronger foothold in various jurisdictions, highlighting India’s capabilities to execute large projects abroad.

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