Mudra Bank's Parent Organization
Mudra Bank, formally known as the Micro Units Development and Refinance Agency Ltd. (MUDRA), was established to provide funding to the non-corporate small business segment.
The Small Industries Development Bank of India (SIDBI) is the primary financial institution aimed at promoting, financing, and developing micro, small, and medium enterprises (MSMEs) in India.
Mudra Bank operates as a subsidiary of SIDBI. Therefore, Mudra Bank comes under the purview of SIDBI.
The correct option is SIDBI.
Important Questions from Financial Institutions
The organisation incorporated for retail payment and settlement systems in India is
Indian national strategy for financial inclusion, 2019-24 aims at:
A. Broadening and deepening of financial inclusion
B. Digitisation and seamless facilitation of financial transactions
C. Access to formal financial services in an affordable manner.
D. Women empowerment and strengthening self help group (SHG) ecosystems.
E. Promoting financial literacy and consumer protection
Choose the most appropriate answer from the options given below:
- The Industrial Finance Corporation of India (IFCI) was established in:
_______ was the first Development Financial Institution of India set up to propel economic growth through development of infrastructure and industry in _______.
Which of the followings are the national financial institutions?
(A) Industrial Development Bank of India
(B) Industrial Finance Corporation of India
(C) The State Industrial Development Corporation
(D) United Nations Development Programme
(E) State Financial Corporations.
Choose the correct answer from the options given below:
