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    Question

    Consider the following statement/s about Small

    Industries Development Bank of India (SIDBI): 1. It is the principal financial institution for promotion, financing, and development MSME sector in India. 2. It was established on April 2, 1990, through an Act of Parliament. 3. The headquarters of the SIDBI is located in Mumbai, Maharashtra. Which of the above statement/s is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 and 2 both Correct Answer Incorrect Answer
    E 2 and 3 both Correct Answer Incorrect Answer

    Solution

    SIDBI is the principal development financial institution for promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) sector in India. It was established on April 2, 1990, through an Act of Parliament. The headquarters of the SIDBI is located in Lucknow, Uttar Pradesh.

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