Static GK - Organizations & Headquarters
Which organisation was established to provide long-term finance to the industrial sector in India?
Which organisation was established to provide long-term finance to the industrial sector in India?
medium Q5 of 15
Step-by-Step Solution
Step 1: Understand the financing focus
The question asks for the organisation providing long-term finance to the industrial sector.Step 2: Identify the organisation
IDBI was established in 1964 to provide credit and support for industrial development in India.Final Answer:
Industrial Development Bank of India (IDBI) → Option BQuick Check:
IDBI role = long-term industrial finance ✅
Quick Trick: IDBI is the oldest development bank for industry finance.
Common Mistakes:
MISTAKES- Confusing IDBI with SIDBI which focuses on MSMEs.
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