Economics · Indian Economy - Development Financial Institutions
In the historical evolution of Development Financial Institutions (DFIs) in India, which specific sequence correctly reflects the chronological order of their establishment (from oldest to most recent)?
- 1Industrial Finance Corporation of India (IFCI), Industrial Credit and Investment Corporation of India (ICICI), Industrial Development Bank of India (IDBI), Export-Import Bank of India (EXIM)✓
- 2Industrial Credit and Investment Corporation of India (ICICI), Industrial Finance Corporation of India (IFCI), Export-Import Bank of India (EXIM), Industrial Development Bank of India (IDBI)
- 3Industrial Finance Corporation of India (IFCI), Industrial Development Bank of India (IDBI), Industrial Credit and Investment Corporation of India (ICICI), Export-Import Bank of India (EXIM)
- 4Export-Import Bank of India (EXIM), Industrial Development Bank of India (IDBI), Industrial Credit and Investment Corporation of India (ICICI), Industrial Finance Corporation of India (IFCI)
Correct answer
Industrial Finance Corporation of India (IFCI), Industrial Credit and Investment Corporation of India (ICICI), Industrial Development Bank of India (IDBI), Export-Import Bank of India (EXIM)
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