BANKING AFFAIRS

Detailed explanation-1: -Established in 1927, FICCI is the largest and oldest apex business organisation in India.

Detailed explanation-2: -Established in 1927, on the advice of Mahatma Gandhi by Indian businessman G.D. Birla and Purshottamdas Thakurdas. It is the largest, one of the oldest and the apex business organisation in India. It is a non-government, not-for-profit organisation.

Detailed explanation-3: -An industrial organisation called the FICCI or Federation of Indian Chambers of Commerce and Industries was established in 1927. The primary function of this organisation was to bring up the issues faced by industrialists in India.

Detailed explanation-4: -The Federation of Indian Chambers of Commerce and Industry is an association of business organisations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purushottam Das Thakurdas, it is the largest, oldest and the apex business organisation in India.

Detailed explanation-5: -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.