Match the following items of List-I with the items of List-II and indicate the code of correct…
The Industrial Finance Corporation of India (IFCI) was established in 1948 as India's first development bank (iii); the Small Industries Development Bank of India (SIDBI)…
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Match the following items of List-I with the items of List-II and indicate the code of correct matching.
List – I
List – II (Name of Bank) (Year of establishment) a. IFCI i. 1981
b. SIDBI
ii. 1982 c. NABARD
iii. 1948
d. EXIM Bank
iv. 1990
Answer and explanation
Correct answer D
The Industrial Finance Corporation of India (IFCI) was established in 1948 as India's first development bank (iii); the Small Industries Development Bank of India (SIDBI) was set up in 1990 (iv); the National Bank for Agriculture and Rural Development (NABARD) was established in July 1982 (ii); and the Export-Import (EXIM) Bank of India Act was passed in 1981 (commencing operations in 1982) (i).
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UGC NET Commerce