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Question

is a specialised bank that was set up in 1990 to boost small industries.

A
SIDBI
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B
EXIM
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C
NABARD
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D
BMB
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Solution

The correct option is A SIDBI
Small Industries Development Bank of India or SIDBI nurtures new small-scale industries and facilitates the existing small-scale industries to modernise and expand their operations. It came into existence in 1990 to function as the principal financial institution for the promotion, financing, and development of micro, small, and medium enterprises.

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