Consider the following statements regarding the term lending financial institutions: Such institutions extending long-term finance to different industrial sectors. IFCI Ltd., IDBI, IDFC Ltd., IIBI Ltd. comes under the term-lending institutions in India. SBI and PNB are not term-lending institutions in India. Which of the following statement(s) is/are true?
Consider the following statements regarding the term lending financial institutions:
- Such institutions extending long-term finance to different industrial sectors.
- IFCI Ltd., IDBI, IDFC Ltd., IIBI Ltd. comes under the term-lending institutions in India.
- SBI and PNB are not term-lending institutions in India.
Which of the following statement(s) is/are true?
1). Only 1
2). Only 2
3). Only 3
4). Both 1 and 2
1 answers
Based on the major activity undertaken by them, Financial Institutions (FIs) get classified into three broad categories:
- Term-lending institutions, whose main activity is direct lending by way of term loans and investments. IFCI Ltd., IDBI, IDFC Ltd., IIBI Ltd. comes under the term-lending institutions in India.
- Refinance institutions, such as the National Bank for Agriculture and Rural Development (NABARD), Small Industries Development Bank of India (SIDBI) and National Housing Bank (NHB), which mainly extend refinance to banks as well as non-banking financial institutions and;
- Investment institutions such as Life Insurance Corporation (LIC), which deploy their assets largely in marketable securities.
- SBI and PNB are also term-lending institutions in India.
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