New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Till November 2021, how many All India Financial

    Institutions does our country have?
    A Five Correct Answer Incorrect Answer
    B Three Correct Answer Incorrect Answer
    C Six Correct Answer Incorrect Answer
    D Two Correct Answer Incorrect Answer
    E Four Correct Answer Incorrect Answer

    Solution

    There are 4 All India Financial Institutions in India, these are-

    • Industrial Development Bank of India (IDBI)

    • Industrial Finance Corporation of India (IFCI)

    • Export - Import Bank of India (Exim Bank)

    • Industrial Reconstruction Bank of India (IRBI) now Industrial Investment Bank of India.

    All India Financial Institutions (AIFI) are a group of financial regulatory bodies also known as the "financial instruments" that play a vital role in the financial markets in the proper allocation of resources, sourcing from businesses that have a surplus and distributing to others who have deficits, to have a continuous circulation of money in the economy.

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