Discussion
Which of the following are the objectives and functions of IDBI?
Answer: D
Correct answer: All of these
All three describe IDBI's mandate as it was constituted in 1964. It was to provide technical and administrative assistance for the promotion and expansion of industry; to undertake market and investment research and technical and economic studies bearing on industrial development; and to act as the lender of last resort within the industrial finance system, financing projects consistent with national priorities.
The breadth reflects its position as the apex institution: it coordinated and refinanced the other development finance institutions as well as lending directly, until the model was wound down and IDBI became a commercial bank.
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