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Question

As on March 31, 1991, paid up capital of Small Industries Development Bank of India was Rs. ____.

A
100 crore
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B
200 crore
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C
250 crore
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D
450 crore
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Solution

The correct option is C 450 crore

Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale industries. It was set up in the year April 2, 1990. As on March 31, 1991, the paid up capital of Small Industries Development Bank of India was Rs. 450 crores.


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