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      Question

      Small Industries Development Bank of India (SIDBI) plans

      to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital. What is the expected growth in assets for SIDBI, from March 2023 to March 2024?
      A Rs 3 lakh crore to Rs 4.5 lakh crore Correct Answer Incorrect Answer
      B Rs 4 lakh crore to Rs 5.5 lakh crore Correct Answer Incorrect Answer
      C Rs 3.5 lakh crore to Rs 5 lakh crore Correct Answer Incorrect Answer
      D Rs 4.5 lakh crore to Rs 6 lakh crore Correct Answer Incorrect Answer
      E Rs 4 lakh crore to Rs 5 lakh crore Correct Answer Incorrect Answer

      Solution

      Small Industries Development Bank of India (SIDBI), which refinances SME loans, plans to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital as it expects to grow assets to Rs 5 lakh crore by March 2024 from about Rs 4 lakh crore in March 2023.

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