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Question : Which of the following is a function of the Small Industries Development Bank of India (SIDBI)?

Option 1: Providing credit facilities to small industries

 

Option 2: Regulating the securities market

Option 3: Regulating the functioning of commercial banks

 

Option 4: None of the above


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Answer (1)
Team Careers360 12th Jan, 2024

Correct Answer: Providing credit facilities to small industries

 


Solution : The correct answer is (a) Providing credit facilities to small industries

The Small Industries Development Bank of India (SIDBI) is a financial institution in India that primarily focuses on providing financial and developmental support to small-scale industries. Its main function is to provide credit facilities, including loans, to small industries to meet their financial requirements for growth and expansion. SIDBI plays a crucial role in promoting and financing the development of small businesses in India.

 

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