Which of the following bank has created a dedicated IT innovations and startup fund and have set aside Rs 200 crore for investment in promising startups

2016

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]

A	ICICI
B	Punjab National Bank
C	Canara Bank
D	State Bank of India

Explanation:

Detailed explanation-1: -DPIIT is the monitoring agency and Small Industries Development Bank of India (SIDBI) is the operating agency for FFS.

Detailed explanation-2: -Fund of Funds for Startups (FFS), launched under Startup India initiative in 2016 by the Prime Minister, Shri Narendra Modi has committed Rs. 7, 385 crore to 88 Alternative Investment Funds (AIFs) as of 24th September 2022.

Detailed explanation-3: -Bank of Hindustan: The Bank of Hindostan (1770-1832), set up by the agency house of Alexander and Company in the year 1770 was the first bank established in India.

Detailed explanation-4: -Investors form a partnership with the startups they choose to invest in – if the company turns a profit, investors make returns proportionate to their amount of equity in the startup; if the startup fails, the investors lose the money they’ve invested.

There is 1 question to complete.