Question

    Which of the following is oldest developmental financial institution in India? 

    A UTI Correct Answer Incorrect Answer
    B NABARD Correct Answer Incorrect Answer
    C IDBI Correct Answer Incorrect Answer
    D ICICI Correct Answer Incorrect Answer
    E IFCI Correct Answer Incorrect Answer

    Solution

    IFCI, previously Industrial Finance Corporation of India, is an Indian government owned development bank to cater to the long-term finance needs of the industrial sector. It was the first (established in 1948) development finance institution established by the Indian government after independence.

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