Economics · Economy
Consider the following statements concerning the establishment and functions of India's specialized All-India Financial Institutions (AIFIs): I. The Export-Import Bank of India (EXIM Bank) was established in 1982 by an Act of Parliament to act as the principal financial institution for coordinating the working of institutions engaged in financing foreign trade. II. National Bank for Financing Infrastructure and Development (NaBFID) was set up in 2021 by a special Act of Parliament and is regulated as a Development Financial Institution (DFI) directly by the Reserve Bank of India (RBI). III. Small Industries Development Bank of India (SIDBI) functions as the principal financial institution for the promotion, financing, and development of the MSME sector and is a wholly-owned subsidiary of SIDBI's parent stakeholders, not a wholly-owned subsidiary of NABARD. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, and III
- 2Only II and III
- 3Only I✓
- 4Only I and II
Correct answer
Only I
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