Banking General Awareness Banking Regulation System of India Question Bank Practice Questions - Credit Functions of Banks

  • question_answer
    The industrial Finance Corporation of India provides loans to

    A)  government companies only which are in core sector (i.e., power generation, steel, coal and cement, etc)

    B)  newly established industries in backward districts

    C)  industries in private sector

    D)  joint stock companies and cooperative societies engaged in the manufacturing and processing of goods

    E)  None of the above

    Correct Answer: D


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