Static GK - Organizations & Headquarters
Which organisation was established by the Government of India in 1948 to promote industrial development and provide financial assistance to industries?
Which organisation was established by the Government of India in 1948 to promote industrial development and provide financial assistance to industries?
medium Q8 of 15
Step-by-Step Solution
Step 1: Understand the establishment year and purpose
The question asks for the organisation established in 1948 for industrial finance.Step 2: Identify the organisation
Industrial Finance Corporation of India (IFCI) was established in 1948 to provide long-term finance to industries.Final Answer:
Industrial Finance Corporation of India (IFCI) → Option AQuick Check:
IFCI established = 1948 for industrial finance ✅
Quick Trick: IFCI is the oldest development finance institution before IDBI.
Common Mistakes:
MISTAKES- Confusing IFCI's year with IDBI (1964) or SIDBI (1990).
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