Banking · Financial Institutions
Which of the following institutions was established in India in 1948 to provide medium and long-term finance to industrial enterprises?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Industrial Credit and Investment Corporation of India (ICICI)
- 2Industrial Finance Corporation of India (IFCI)✓
- 3Industrial Development Bank of India (IDBI)
- 4State Financial Corporations (SFCs)
Correct answer
Industrial Finance Corporation of India (IFCI)
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