The State Financial Corporation Act was passed in __________.

September 1951

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May 1955

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June 1960

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July 1965

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Solution

The correct option is A September 1951
SFC stands for State Finance Corporations. It promotes medium and small industries of the particular states and also ensures balanced regional development, employment generation and vast ownership of industries. The Sate Financial Corporation Act was later amended in 1962 under State Financial Corporation (Amendment) Act, 1962.

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