The Industrial Finance Corporation of India was set up in _____.

1948

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1964

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1985

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1990

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Solution

The correct option is C 1948
The IFCI was the first development bank owned by government of India post independence. The main focus was to cater to the long term financial needs of the industrial sector.

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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

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