What was the purpose of formation of Industrial Finance Corporation?

Better development of the industrial sector.

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Making long-term loans available to industrial projects.

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Generating employment in rural areas.

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Determining the quality standard of goods and products.

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Solution

The correct option is B Making long-term loans available to industrial projects.
After Independence, the Industrial Finance Corporation of India was established in 1948. Its role was to provide long-term loans to industrial projects.

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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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