Dear aspirants, Precis writing plays an important part in the ECGC PO descriptive paper. The ECGC PO descriptive paper consists of two topics, namely, Essay Writing and Precis Writing. The marks of the Descriptive Paper (English Language) will be reckoned for the preparation of the merit list. It will only be evaluated for those candidates who qualify in the Objective (MCQ) Test and are placed adequately high as per total marks in the objective test. The purpose of precis writing is to evaluate a candidate's language skills, comprehension, creativity, and understanding of the given passage or context. Reviewing example essays will help you become familiar with the format and enhance your scoring potential. This article offers comprehensive details on precis writing, including the format, examples, meaning, and sample questions and answers to help you succeed in the ECGC PO descriptive section. For any questions, please refer to the FAQs below.

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Definition for Precis Writing

A precis is a summary that captures the main ideas, key points, and essential information of a longer text or document. Its purpose is to make the content simpler and more focused by removing unnecessary details and repetition. Typically, a précis is about one-third the length of the original and is written to be clear and concise. Learning to write précis effectively, using the examples provided here, will greatly assist in your preparation for the ECGC PO, as well as other banking and insurance exams.

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Precis Writing Format For ECGC PO Descriptive Paper

A precis is a concise summary of a longer text or document. Candidates can refer to the specified precis writing format for the ECGC PO descriptive paper 2025 below.

They will be given a story, passage, or paragraph to write a precis on. The steps include:

• Reading the material carefully and making mental notes or outlines,

• Creating a precis using clear and concise language,

• Proofreading and editing the summary, and

• Avoiding overly elaborate or unnecessary words.

• It is important to ensure sentences are well-structured and easy to understand, stay focused on the main point, avoid extraneous details, and prefer the active voice whenever possible.

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Note: A precis typically needs to be one-third the length of the original passage it summarises. It is crucial to follow the given word limit exactly as stated in the prompt.

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Precis Writing Sample For ECGC PO Exam 2025

Applicants can refer to the following precis writing example to understand the format and additional details related to precis writing.

Write a Precis of the following paragraph in your own words.

Global trade has expanded rapidly in recent decades, creating new opportunities for exporters while also exposing them to various risks. Exporters often face challenges such as payment defaults, political instability in the importing country, currency fluctuations, and sudden changes in international policies.

To support exporters and encourage international trade, institutions like the Export Credit Guarantee Corporation (ECGC) play a vital role. ECGC provides credit insurance to exporters, protecting them against losses arising from commercial and political risks. This protection strengthens the confidence of Indian exporters and enables banks to extend credit more freely, knowing that payments are insured.

As global trade becomes more complex, the role of ECGC becomes even more crucial in ensuring that exporters remain competitive, financially secure, and capable of exploring new markets. By reducing uncertainty, ECGC contributes significantly to the growth of India’s export sector and the overall stability of international trade.

Precis Writing

Title: ECGC’s Role in Supporting Exporters

Global trade brings opportunities but also exposes exporters to risks like payment defaults and political instability. ECGC helps reduce these risks by offering credit insurance, which safeguards exporters from commercial and political losses. This assurance boosts exporters’ confidence and encourages banks to provide credit more easily. As global trade becomes more complex, ECGC’s support ensures that exporters remain competitive and financially secure. By reducing uncertainty, ECGC strengthens India’s export sector and promotes stable international trade.

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Precis Writing Examples For ECGC PO Exam 2025

Precis writing is commonly utilised in scholarly, journalistic, and professional settings to give readers a swift comprehension of intricate or extensive written works. Applicants can review the two sample paragraphs along with the response, which will assist in cracking the ECGC PO descriptive paper section outlined below.

1. Write a Precis of the following paragraph in your own words.

International trade offers immense opportunities for economic expansion, but it also exposes exporters to several uncertainties. Exporters often deal with buyers from unfamiliar markets where payment behaviour, political conditions, and financial systems may be unpredictable. A sudden political crisis, changes in import regulations, or the bankruptcy of a foreign buyer can lead to heavy financial losses for exporters. These risks can discourage small and medium enterprises from entering global markets, even when they have competitive products.

Credit insurance plays a crucial role in reducing this fear by offering protection against non-payment risks. Institutions like the Export Credit Guarantee Corporation of India (ECGC) provide comprehensive insurance covers that safeguard exporters from commercial and political risks. This assurance allows exporters to offer competitive credit terms to foreign buyers, thereby boosting their global outreach. Moreover, credit insurance enhances the confidence of banks, encouraging them to extend credit to exporters without hesitation.

As a result, credit insurance not only protects exporters from unpredictable losses but also supports the overall growth of the export ecosystem. By reducing uncertainty, strengthening financial stability, and encouraging risk-taking, institutions like ECGC contribute significantly to India's presence in global trade.

Precis Writing

Title: Credit Insurance and Export Growth

International trade offers growth opportunities but exposes exporters to risks such as political instability, regulatory changes, and buyer defaults. These uncertainties often discourage, especially small exporters, from entering global markets. Credit insurance helps reduce this fear by protecting exporters from commercial and political losses. ECGC provides such insurance, enabling exporters to offer competitive credit terms and helping banks extend credit with greater confidence. By reducing uncertainty and strengthening financial stability, credit insurance supports India’s overall export growth and encourages wider participation in global trade.

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2. Write a Precis of the following paragraph in your own words.

Underwriting is one of the most critical functions in export credit insurance. It involves assessing the financial strength, credibility, and payment behaviour of foreign buyers before extending insurance coverage. A well-designed underwriting process ensures that risks are accurately identified and priced, preventing unnecessary losses for the insurer as well as the exporter. For organisations like ECGC, underwriting acts as the backbone of their risk-management framework.

In a global environment where trade conditions can fluctuate rapidly, underwriters must evaluate factors such as the buyer’s financial statements, past payment records, the political stability of the importing country, and the nature of the goods being exported. They also rely on global databases, credit rating agencies, and country-risk profiles to make informed decisions. Effective underwriting enables ECGC to provide exporters with timely, reliable insurance coverage that matches the risk level of each transaction.

By maintaining strong underwriting standards, ECGC ensures financial stability while supporting exporters in expanding to both established and emerging markets. Sound underwriting practices not only protect the insurer but also promote trust, transparency, and long-term sustainability in India’s export sector.

Precis Writing

Title: Role of Underwriting in Export Credit Insurance

Underwriting is essential in export credit insurance as it assesses the financial reliability of foreign buyers and identifies risks before providing coverage. ECGC’s underwriting process evaluates buyer credibility, political conditions, and country risks using financial data, global databases, and credit ratings. Strong underwriting ensures accurate risk pricing, prevents losses, and allows exporters to receive timely, appropriate insurance protection. By maintaining sound underwriting standards, ECGC safeguards financial stability and supports sustainable growth in India’s export sector.

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FAQs

Q: What is precise writing in ECGC PO?

Precis writing plays an important part in the ECGC PO descriptive paper. It is a summary that captures the main ideas, key points, and essential information of a longer text or document.

Q: How to write a precis writing format?

A precis is a summary, approximately one-third the length of the original text, that encapsulates the main idea. The complete format is mentioned above in this article.

Q: How to get full marks in precis writing?

Follow the instructions mentioned above in this article to crack the precis writing.