Consider the following:
A.Industrial Finance Corporation of India
B. Industrial Credit and Investment Corporation of India
C. Industrial Development Bank of India
D. Unit Trust of India
The correct sequence in which the above were established is
Consider the following:
A.Industrial Finance Corporation of India
B. Industrial Credit and Investment Corporation of India
C. Industrial Development Bank of India
D. Unit Trust of India
The correct sequence in which the above were established is
The correct option is B A, B, D and C
) IFCI, previously Industrial Finance Corporation of India, is an Indian government owned development bank to cater to the long-term finance needs of the industrial sector. It was the first Development Financial Institution established in 1946 by the Indian government after independence.
Until the establishment of ICICI in 1956, IFCI remained solely responsible for implementation of the government's industrial policy initiatives. Its contribution to the modernization of Indian Industry, export promotion, import substitution, entrepreneurship development, pollution control, energy conservation and generation of both direct and indirect employment is noteworthy.
In 1993 it was reconstituted as a company to impart higher degree of operational flexibility. IFCI was allowed to access the capital markets directly.
Unit Trust of India is a financial organization in India, which was created by the UTI Act passed by the Parliament of India on December 30, 1963 under the direction of Col. Akash Behl.
IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.
A, B, D and C
) IFCI, previously Industrial Finance Corporation of India, is an Indian government owned development bank to cater to the long-term finance needs of the industrial sector. It was the first Development Financial Institution established in 1946 by the Indian government after independence.
Until the establishment of ICICI in 1956, IFCI remained solely responsible for implementation of the government's industrial policy initiatives. Its contribution to the modernization of Indian Industry, export promotion, import substitution, entrepreneurship development, pollution control, energy conservation and generation of both direct and indirect employment is noteworthy.
In 1993 it was reconstituted as a company to impart higher degree of operational flexibility. IFCI was allowed to access the capital markets directly.
Unit Trust of India is a financial organization in India, which was created by the UTI Act passed by the Parliament of India on December 30, 1963 under the direction of Col. Akash Behl.
IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.
