IFCI Establishment Year Details
This question asks for the founding year of the Industrial Finance Corporation of India (IFCI). IFCI is an important financial institution in India, established to support the country's industrial growth.
Year of IFCI Establishment
The Industrial Finance Corporation of India (IFCI) holds the distinction of being India's very first development financial institution. It was created with the primary purpose of providing medium and long-term financial support to various industrial projects across India.
The specific options provided for the establishment year are:
- 1948
- 1956
- 1954
- 1952
The Industrial Finance Corporation of India (IFCI) was officially established through an Act of Parliament, known as the IFCI Act, in the year 1948.
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:
_______ 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:
Which are correct regulatory provisions for foreign bank operations in India?
A. They are incorporated in India and have their head office in foreign country
B. Foreign banks since 2002 have been allowed to set up their subsidiaries in India
C. The foreign banks are allowed to operate in India even it they are not financially sound
D. They have to operate according to the banking regulations in India
E. RBI approved that foreign banks which are present in India could open their branches
Choose the correct answer from the options given below:
