Question

Select the correct option.

Assertion (A): Entrepreneurs who aspire to enter the industrial sector avail loans from IDBI.

Reason (R): IDBI offers loans at a reduced interest.

• A. Both A and R are true.
• B. Both A and R are false.
• C. A is true, but R is false.
• D. A is false, but R is true.

Answer 1

The correct option is A Both A and R are true.

Industrial Development Bank of India (IDBI) supports entrepreneurs who aspire to enter the industrial sector. They provide loans at a reduced interest rate so that entrepreneurs will not hesitate to borrow in order to pursue their ventures.