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Types of Borrowing

The first dev...

Question

The first development bank in India was the ______.

A

IFCI

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B

IDBI

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C

UTI

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D

SIDBI

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Solution

The correct option is C IFCI
IFCI (industrial financial corporation of India) was the first development bank of India in 1948.
Hence, option (A) is the correct answer.

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