Which of the followings are the national financial institutions ? (A) Industrial Development Bank of…
In India's development banking architecture, the national and state-level Development Financial Institutions (DFIs) include the Industrial Development Bank of India (IDBI,…
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Which of the followings are the national financial institutions ?
(A) Industrial Development Bank of India
(B) Industrial Finance Corporation of India
(C) The State Industrial Development Corporation
(D) United Nations Development Programme
(E) State Financial Corporations.
Answer and explanation
Correct answer C
In India's development banking architecture, the national and state-level Development Financial Institutions (DFIs) include the Industrial Development Bank of India (IDBI, A), Industrial Finance Corporation of India (IFCI, B), State Industrial Development Corporations (SIDCs, C), and State Financial Corporations (SFCs, E). The United Nations Development Programme (UNDP, D) is an international UN agency, making (A), (B), (C), and (E) only correct.
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