Question : The Industrial Development Bank of India was set up in:
Option 1: July 1968
Option 2: July 1966
Option 3: July 1964
Option 4: July 1962
Correct Answer: July 1964
Solution : The correct option is July 1964.
Established on July 1, 1964 , under a parliamentary act, the Industrial Development Bank of India (IDBI) initially operated as a wholly-owned subsidiary of the Reserve Bank of India. Its primary objective was to extend credit and financial aid to the industrial sector in India, with a focus on priority areas.
College Comparison based on Courses, Placement, Rank, Fee
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Eligibility | Application | Admit Card | Result | Preparation Tips | Dates | FAQs
Question : The monetary policy is India is formulated by:
Question : In which year was the Small Industries Development Bank of India (SIDBI) set up?
Question : When was the Food Corporation of India (FCl) set up under the Food Corporations Act of 1964 with the primary duty to purchase, store, move/transport, distribute and sell food grains and other foodstuffs?
Question : ___________ is a financial institution that specializes in providing loans for purchasing homes.
Question : Indian Council of Historical Research, an autonomous organisation, was set up by the Government of India in ________.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile