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Business Studies

Loans from Financial Institutions

Small Industr...

Question

Small Industries Development Bank of India is created by _______.

A

RBI

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B

IDBI

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C

IFCI

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D

IBRD

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Solution

The correct option is A IDBI
SIDBI was established in 1990 to cater to the financial needs and growth and development of micro, small and medium scale enterprises. It is an important pillar of Indian economy as it contributes greatly to the growth of the same.

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