Who was appointed as the Managing Director of the Export Import Bank of India (Exim Bank)?

Difficulty: Easy

Correct Answer: David Rasquinha

Explanation:


Introduction / Context:
The Export Import Bank of India, commonly known as Exim Bank, is a specialized financial institution that supports India's external trade by providing credit and other financial services. Leadership positions at such institutions are often asked in banking and general awareness sections of competitive exams. This question asks you to identify who was appointed as Managing Director of Exim Bank from the given list of names.


Given Data / Assumptions:

    - The institution is the Export Import Bank of India (Exim Bank). - The post in question is that of Managing Director. - The options include Arun Tiwari, Sunil Mehta, Ashwani Kumar, and David Rasquinha.


Concept / Approach:
This is a straight recall question from banking and financial sector current affairs. Each name in the options is associated with leadership roles in different banks. The task is to correctly match the name with Exim Bank. David Rasquinha is the person who was appointed as Managing Director of Exim Bank, while the other names are associated with other institutions or positions. Recognizing these associations helps you quickly pinpoint the right answer.


Step-by-Step Solution:
Step 1: Focus on the institution named in the question, which is Exim Bank. Step 2: Recall news related to appointments at Exim Bank and connect the name David Rasquinha with this bank. Step 3: Recognize that Arun Tiwari, Sunil Mehta, and Ashwani Kumar are more often linked with other commercial banks and different leadership roles. Step 4: Eliminate these names as they do not match your memory for Exim Bank leadership. Step 5: Select David Rasquinha as the correct option.


Verification / Alternative check:
You can verify this answer by checking official Exim Bank press releases or announcements from the Ministry of Finance, which confirm that David Rasquinha took over as Managing Director. Financial newspapers and credible online business news portals also reported his appointment, often detailing his prior experience within the bank and in the financial sector.


Why Other Options Are Wrong:
- Arun Tiwari: Known for leadership roles in other banks, but not as Managing Director of Exim Bank. - Sunil Mehta: Associated with other major public sector banking positions, not the Exim Bank managing directorship mentioned here. - Ashwani Kumar: Also linked to roles in other banks and not the Exim Bank managing directorship that this question refers to.


Common Pitfalls:
The common error is to confuse similar sounding names or to mix up appointments across different banks and financial institutions. Exam setters deliberately include names of well known banking executives as distractors. To avoid confusion, try to build mental flashcards that link each important executive with his or her institution and role, and revise them regularly before the exam.


Final Answer:
The person appointed as Managing Director of the Export Import Bank of India (Exim Bank) is David Rasquinha.

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