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Business Studies

Types of Banks

The RBI/Govt ...

Question

The RBI/Govt of India shortlisted four organisations who will manage pension funds. Which of the following is not one of these shortlisted companies?

A

State Bank of India

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B

LIC of India

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C

ICICI Bank

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D

IDBI Capital

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Solution

The correct option is D IDBI Capital
IDBI stands for Industrial Development Bank of India. it is not one of the four organizations which is set up by RBI to manage pension funds. It is established to give credit facilities to industries.

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