State Industrial Development Corporation and Unit Trust of India are examples of ____________.

Banks

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Export institutions

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Think-tanks

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Non-banking financial companies

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Solution

The correct option is D
Non-banking financial companies

State Industrial Development Corporation and Unit Trust of India are examples of non-banking financial companies (NBFCs).

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Similar questions

Consider the following:

A.Industrial Finance Corporation of India

B. Industrial Credit and Investment Corporation of India

C. Industrial Development Bank of India

D. Unit Trust of India

The correct sequence in which the above were established is

These institutions aim at promoting the industrial development of a country, they are also known as_________________ banks.

69. Consider the following statements related to MUDRA- Micro Units Development & Refinance Agency Ltd.,

i. It will initially function as a non-banking financial company and a subsidiary of the Small Industries Development Bank of India (SIDBI)

ii. It will classify its clients into two categories and the maximum allowed loan sums will be based on the category.

Which of the above is/are correct?

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