Which of the following is not a development banking institution ?
EXIM Bank
Development banks (development finance institutions) provide long-term finance and promotional support for industrial projects. In India the classic all-India DFIs were IFCI (1948), ICICI (1955) and IDBI (1964).
IFCI was set up to give medium and long-term credit to industry. ICICI was formed to finance private-sector industrial projects, especially with foreign-currency loans. IDBI was the apex development bank coordinating industrial finance. All three originated as development banking institutions, though ICICI and IDBI later became commercial banks.
EXIM Bank (1982) is a specialised financial institution whose purpose is financing, facilitating and promoting India's foreign trade: export credit, buyer's credit and lines of credit. It is classed as a specialised trade-finance institution rather than an industrial development bank.
Hence, EXIM Bank.
Similar Questions
Match the items of List - I with the items of List - II and select a correct code :
List - I List - II (a) SEBI (i) Exchange for small companies (b) RBI (ii) Secondary market in treasury bills (c) STCI (iii) Regulation of secondary market (d) OTCEI (iv) Ad-hoc treasury bills Codes :
(a) (b) (c) (d)
Match the items in List - I with the items in List - II :
List - I List - II (a) ATM card (i) NPA (b) Debts due for more than 30 days (ii) John Shephard Barron (c) Micro finance (iii) State Finance Corporations Act (d) State level finance corporations (iv) NABARD Codes :
(a) (b) (c) (d)
For the purpose of extending rural banking and agro finance, the NABARD :
Which among the following is not associated with NABARD ?
(a) NIEAF
(b) BIRD
(c) RIDF
(d) SHPI
Codes :
Which one of the following institutions is promoted by the IFCI :
Which of the following is not provided by EXIM Bank, for financing overseas investments ?
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:
