Economics · Banking and Finance
What is the primary function of development banks in the context of India's industrial growth?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Development banks provide long-term financing and support for industrial projects and infrastructure development.✓
- 2They serve as regulatory bodies to enforce industrial standards.
- 3They are involved only in short-term consumer lending.
- 4Their sole function is to manage the country's foreign exchange reserves.
Correct answer
Development banks provide long-term financing and support for industrial projects and infrastructure development.
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