CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
ICICI planed to launch a centre in this city to provide hazel free services to small business owners and startups.
A
Kolkata
B
Pune
C
Chennai
D
Bengaluru
Explanation: 

Detailed explanation-1: -ICICI provides project finance to industries for establishment cost, modernization or expansion of manufacturing and processing activities. This assistance provided in the form of the rupee and foreign loans, underwriting, subscription to shares and debentures and guarantees to supply of equipment and foreign donors.

Detailed explanation-2: -Functions and Activities of ICICI Bank Assistance in the formation, development, and modernization of business in the non-public sector. Provides medium and long-term loans in rupees and foreign currencies. Underwrites new issues of debentures and shares. Provides equipment finance.

Detailed explanation-3: -It is a principally laid out organisation to give medium-term and long-haul project support to Indian enterprises. The most important objectives of the ICICI are as follows: To promote entrepreneurship and innovation. To provide financial services to the common person.

Detailed explanation-4: -The full form of ICICI is Industrial Credit and Investment Corporation of India.

There is 1 question to complete.