BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

FICCI history is closely interwoven with India’s struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies. What is meaning of “F” in FICCI?

A	Follower
B	Federal
C	Financial
D	Federation

Explanation:

Detailed explanation-1: -FICCI influences the economic policies of India’s government by sponsoring discussion forums for economists, civil servants, and industrialists and through informal consultative arrangements with government planners and policy makers.

Detailed explanation-2: -The Federation of Indian Chambers of Commerce & Industry (FICCI) is a non-governmental trade association and advocacy group based in India.

Detailed explanation-3: -They wanted protection against imports of foreign goods, and a rupee-sterling foreign exchange ratio that would discourage imports. To organise business interests, they formed the Indian Industrial and Commercial Congress in 1920 and the Federation of the Indian Chamber of Commerce and Industries (FICCI) in 1927.

Detailed explanation-4: -Ans : The Federation of Indian Chambers of Commerce and Industry (FICCI) was established in 1927. It is the largest and oldest apex business organization in India. A non-government, not-for-profit organization, FICCI is the voice of India’s business and industry.

There is 1 question to complete.