Question

SIDBI was set up as a subsidiary of IDBI to _______.

• A. Take over the function of small business financing of IDBI
• B. Take over the venture capital operation of ICICI
• C. Reconstruct and rehabilitate the sick and closed industrial units financed by IDBI
• D. Facilitate finance and promote India's Foreign trade

Answer 1

The correct option is A Take over the function of small business financing of IDBI

SIDBI was set up as a subsidiary of IDBI to take over the function of small business financing of IDBI. It is set up for managing the small, micro, and medium enterprises of the economy. It is set up by a special Parliamentary Act of India.
Hence option (A) is the correct answer.