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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