Why was the Industrial Development Corporation established?

To privatise the public sector industries

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To bring about greater development of the industrial sector

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To generate revenues and valuable foreign exchange

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To study environmental hazards due to industries

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Solution

The correct option is B To bring about greater development of the industrial sector
In 1954, the Industrial Development Corporation was established. This was established basically to help bring about greater development of the industrial sector.

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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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