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Question

IDBI was made an autonomous institution in _______.

A
1969
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B
1972
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C
1976
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D
1982
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Solution

The correct option is B 1976
IDBI stands for Industrial Development Bank of India. IDBI was established by the parliament to provide credit and there financial facilities to the developing industries of India.IDBi was made an autonomous institution as its ownership passed on from Reserve Bank of India to the government of India.

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