Federation of Indian Chambers of Commerce and Industry was established in ___________.
1927
Understanding the Establishment of FICCI
The question asks about the year in which the Federation of Indian Chambers of Commerce and Industry (FICCI) was established. Understanding the history of key institutions like FICCI is important for comprehending India's economic and business development.
FICCI is one of the oldest and largest apex business organizations in India. Its formation was a significant step towards consolidating Indian business interests during the pre-independence era.
The correct year for the establishment of FICCI is 1927.
FICCI was founded by notable Indian businessmen, including G.D. Birla and Purushottam Das Thakurdas, on the advice of Mahatma Gandhi. Gandhi ji encouraged Indian businessmen to form their own organization to represent their interests and promote Indian industries.
Since its inception, FICCI has played a crucial role in advocating for policies that foster business growth and economic development in India.
Key Details about FICCI
Here are some essential facts about the Federation of Indian Chambers of Commerce and Industry:
- Full Form: Federation of Indian Chambers of Commerce and Industry
- Abbreviation: FICCI
- Establishment Year: 1927
- Founders: G.D. Birla and Purushottam Das Thakurdas
- Inspiration: Mahatma Gandhi
- Nature: A non-governmental trade association and advocacy group
- Role: Represents India's business community and provides a platform for industry, policymakers, and society to interact.
Revision Table: FICCI Establishment
| Aspect | Detail |
|---|---|
| Organization Name | Federation of Indian Chambers of Commerce and Industry (FICCI) |
| Year of Establishment | 1927 |
| Key Founders | G.D. Birla, Purushottam Das Thakurdas |
| Significance | Apex business organization in India, formed during pre-independence era |
Additional Information: Business Organizations in India
Apart from FICCI, India has several other prominent business and industry associations that play vital roles in representing various sectors and influencing policy. Some of these include:
- Confederation of Indian Industry (CII)
- Associated Chambers of Commerce and Industry of India (ASSOCHAM)
- National Association of Software and Service Companies (NASSCOM)
- Various industry-specific associations
These organizations collectively contribute to shaping the business environment and promoting economic growth in the country.
Important Questions from Financial Organisations
When was NABARD established?
EXIM Bank deals with the issue of financial assistance relating to which one of the following?
Small Industries Development Bank of India (SIDBI) is regulated by _______.
With which of the following has India inked a $346 million loan agreement to finance Karnataka State Highways improvement III Project (KSHIP – III)?
What does 'E' stand for in SEBI?
