_______ was the first Development Financial Institution of India set up to propel economic growth through development of infrastructure and industry in _______.
IFCI; 1948
The correct answer is option 1. The Industrial Finance Corporation of India (IFCI) was the first Development Financial Institution established in 1948 to provide long-term finance to the industrial sector.
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:
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:
