Discussion
What is the full form of "IFCI"?
Answer: B
Correct answer: Industrial Finance Corporation of India
The Industrial Finance Corporation of India was set up in July 1948, the first development finance institution in independent India.
The need was immediate: commercial banks confined themselves to working capital and the capital market was thin, so long-term industrial finance had no source at all. IFCI supplied medium and long-term credit to industrial concerns in the corporate and co-operative sectors. It heads the chronology that runs IFCI 1948, ICICI 1955, UTI 1963 and IDBI 1964.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development