BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Industrial Reconstruction Bank of India
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Industrial Finance Corporation of India
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Industrial Development Bank of India
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Industrial Credit & Investment Corporation of India
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Detailed explanation-1: -IDBI stands for Industrial Development Bank of India. It is the apex bank for industrial loans.
Detailed explanation-2: -Answers. The Industrial Development Bank ofIndia (IDBI) was established in 1964 as an apex financial institution to provide credit and other financial facilities for the development of the Indian industry.
Detailed explanation-3: -The Reserve Bank Of India is the apex banking institution. It commenced operations on April 1, 1935, is at the centre of India’s financial system. Hence it is called the Central Bank.
Detailed explanation-4: -Industrial Development Bank of India Limited Industrial Development Bank of India (IDBI) was constituted under the Industrial Development Bank of India Act, 1964 as a Development Financial Institution (DFI) and came into being on July 01, 1964, vide GoI notification dated June 22, 1964.
Detailed explanation-5: -The central bank is the apex institution of the monetary and banking structure of our economy, regulating the entire banking system.