Question

Entrepreneurs require financial assistance to carry out their activities. Who establishes these financial institutions?

• A. State government only
• B. Central government only
• C. Both the central and state governments
• D. World Bank

Answer 1

The correct option is C Both the central and state governments

To meet the loan requirements of entrepreneurs, the governments, both at the central and state levels, have set up several financial institutions. Some of these include NABARD, EXIM, LIC, etc.