Question : The Industrial Development Bank of India was set up in:
Option 1: July 1968
Option 2: July 1966
Option 3: July 1964
Option 4: July 1962
Correct Answer: July 1964
Solution : The correct option is July 1964.
Established on July 1, 1964, under a parliamentary act, the Industrial Development Bank of India (IDBI) initially operated as a wholly-owned subsidiary of the Reserve Bank of India. Its primary objective was to extend credit and financial aid to the industrial sector in India, with a focus on priority areas.
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Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Question : When was the Food Corporation of India (FCl) set up under the Food Corporations Act of 1964 with the primary duty to purchase, store, move/transport, distribute and sell food grains and other foodstuffs?
Option 1: 1997
Option 2: 1966
Option 3: 1965
Option 4: 1964
Question : In which year was the Small Industries Development Bank of India (SIDBI) set up?
Option 1: 1990
Option 2: 1988
Option 3: 1989
Option 4: 1987
Question : ___________ is a financial institution that specializes in providing loans for purchasing homes.
Option 1: Housing Development Finance Corporation (HDFC)
Option 2: Industrial Development Bank of India (IDBI)
Option 3: Small Industries Development Bank of India (SIDBI)
Option 4: Export-Import Bank of India (EXIM Bank)
Question : Indian Council of Historical Research, an autonomous organisation, was set up by the Government of India in ________.
Option 1: 1991
Option 2: 1982
Option 3: 1972
Option 4: 1962
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