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Industrial Development Bank of India (IDBI) established in

  • A.1964
  • B.1965
  • C.1966
  • D.1967

Answer: A

IDBI was established in 1964.

It was set up as a wholly owned subsidiary of the Reserve Bank to act as the apex institution for industrial finance, coordinating the work of the other development banks. Ownership was transferred to the government in 1976, and it became a bank in 2004.

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