Question : Arrange the following Development Financial Institutions (DFI) in the correct chronological order, according to the year they were set up.
(i) Industrial Credit and Investment Corporation of India (ICICI)
(ii) Industrial Development Bank of India (IDBI)
(iii) Industrial Finance Corporation of India (IFCI)
Option 1: (i)-(iii)-(ii)
Option 2: (iii)-(i)-(ii)
Option 3: (ii)-(i)-(iii)
Option 4: (i)-(ii)-(iii)
Correct Answer: (iii)-(i)-(ii)
Solution : The correct answer is (iii)-(i)-(ii) .
The correct chronological order of the Development Financial Institutions (DFIs) in India, according to the year they were set up, is as follows:
So, the correct order is IFCI, ICICI, and then IDBI.
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