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Question

When was the Small Industries Development Bank of India (SIDBI) set up?

A
1990
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B
1991
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C
1985
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D
None of the above
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Solution

The correct option is A 1990

Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.


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