Economics · Financial Institutions - Development Banks
Which of the following best describes the primary function of development banks such as IDBI and IFCI?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Financing long-term industrial and infrastructural projects✓
- 2Managing personal savings accounts
- 3Controlling inflation
- 4Providing only short-term loans
Correct answer
Financing long-term industrial and infrastructural projects
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