BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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government companies only which are in core sector (i.e., power generation, steel, coal and cement, etc)
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newly established industries in backward districts
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industries in private sector
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joint stock companies and cooperative societies engaged in the manufacturing and processing of goods
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Detailed explanation-1: -IFCI Ltd (IFCI) was set up as a Statutory Corporation (“The Industrial Finance Corporation of India”) in 1948 for providing medium and long term finance to industry..
Detailed explanation-2: -The sources of industrial finance are thus of various types. And so are the instruments of finance. A number of them are modem Such as shares, debentures, and loans from the financial institutions. The old ones like, deposits from public, the finances of managing agents as also of indigenous bankers are on the decline.
Detailed explanation-3: -IFCI offers financial solutions in areas of corporate finance through Balance Sheet Funding, Loan Against Shares, Lease Rental Discounting, Promoter Funding, Long Term Working Capital requirements, Capital Expenditure and regular Maintenance Capex.
Detailed explanation-4: -The banks are: 1. Industrial Development Bank of India 2. Industrial Finance Corporation (IFC) 3. Industrial Credit and Investment Corporation of India (ICICI 4.