GK
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
In the state of India, the State Financial Corporation have given assistance mainly to develop
|
|
Irrigation projects
|
|
|
small-scale industries
|
|
|
medium-scale industries
|
|
|
medium and small-scale industries
|
Explanation:
Detailed explanation-1: -The correct answer is Medium and small-scale industries. The State Financial Corporations Act was passed in 1951 which provides power to all the states and union territories to set up State Financial Corporations.
Detailed explanation-2: -IFCI, provides financial support for the diversified growth of Industries across the spectrum. The financing activities cover various kind of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries.
Detailed explanation-3: -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..
There is 1 question to complete.