SIDBI set up on 2nd April.....under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities.

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

SIDBI set up on 2nd April____under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities.

A	1956
B	1999
C	1992
D	1990

Explanation:

Detailed explanation-1: -Established in April 1990 under an Act of Parliament, SIDBI is the principal financial institution for promoting, financing, and developing the MSME sector, and acts as a nodal agency for governmental programmes in this area.

Detailed explanation-2: -SIDBI is the Principal Financial Institution engaged in promotion, financing & development of the Micro, Small and Medium Enterprises (MSMEs) sector and coordination of the functions of the various institutions engaged in similar activities.

Detailed explanation-3: -Role of SIDBI Small Industries Development Bank of India has been established under an Act of the Parliament in 1990.

There is 1 question to complete.