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Question

Which of the following institutions provide loan exclusively to industries?

A
NABARD
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B
Commercial banks
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C
Specific banking institutions
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D
Cooperative banks
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Solution

The correct option is C Specific banking institutions
Institutions like India Infrastructure Finance Company Ltd (IIFCL), Export-Import Bank of India (EXIM Bank), and Industrial Finance Corporation of India (IFCI) provide loan exclusively to industries. Such institutions are referred to as specific banking institutions.

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