Economics · Indian Economy
In India, the first major step towards building up a structure of development finance institutions was taken with the establishment of which institution in 1948?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Industrial Credit and Investment Corporation of India (ICICI)
- 2State Financial Corporations (SFCs)
- 3Industrial Finance Corporation of India (IFCI)✓
- 4State Industrial Development Corporations (SIDCs)
Correct answer
Industrial Finance Corporation of India (IFCI)
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