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

Financial

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Development

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rural Development

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Development

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

Suggest Corrections

Similar questions

______________________ are run to make a profit. They cater to the financial requirements of industries and various sectors like agriculture, rural development. They are profit making institutions owned by the government or private or both.

Q1. Consider the following statements:

1. European Bank for Reconstruction and Development (EBRD) is an international financial institution.

2. EBRD is a multilateral developmental investment bank.

3. EBRD uses investment as a tool to build market economies.

Which of the above statements are correct?

Q. Consider the following statements:
1. The National Housing Bank , the apex institution of housing finance in India, was set up as a wholly owned subsidiary of the RBI.
2. The Small Industries Development Bank of India was established as a wholly-owned subsidiary of the Industrial Development Bank of India.
Which of the statement given above is/are correct?

Q. Which of these is not a reason for the slow progress of industrial development in our country?

Bandhan Financial Services, a Micro Financial Institution (MFI), on 23 August 2015 started operations as a Scheduled Commercial Bank (SCB). Henceforth it will be called as Bandhan Bank. Consider the following statements:

Which of the above statement(s) is/are incorrect?

Only 1 & 3
Only 4
Only 2 & 4
Only 1, 2 & 4

Join BYJU'S Learning Program

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

The correct option is B Development These institutions aim at promoting the industrial development of a country, they are also known as development banks.

The correct option is B
Development

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