GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Industrial Finance Corporation of India (IFCI) was established in :
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1946
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1947
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1948
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1949
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Explanation:
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.. In 1993, after repeal of the Industrial Finance Corporation Act, IFCI became a Public Limited Company, registered under the Companies Act, 1956.
Detailed explanation-2: -ACT NO. 15 OF 1948 1 [ 27th March, 1948.] An Act to establish the Industrial Finance Corporation of India. 1.
Detailed explanation-3: -The head office of the Industrial Finance Corporation of India is in New Delhi.
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