New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    Question

    Which of the following provide long-term credit for

    capital-intensive investments spread over a long period and low yielding rates of return, such as urban infrastructure, mining and heavy industry, and irrigation systems.
    A Commercial Banks Correct Answer Incorrect Answer
    B Development financial institutions Correct Answer Incorrect Answer
    C Rural Banks Correct Answer Incorrect Answer
    D NABARD Correct Answer Incorrect Answer
    E NAFED Correct Answer Incorrect Answer

    Solution

    Development financial institutions provide long-term credit for capital-intensive investments spread over a long period and low yielding rates of return, such as urban infrastructure, mining and heavy industry, and irrigation systems.

    Practice Next

    Relevant for Exams: