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48 vote

Which of the following is not one of the development financial Institution in Indian financial system?

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Which of the following is not one of the development financial Institution in Indian financial system?
1). Industrial Finance Corporation of India
2). National Bank for Agriculture & Rural development
3). Small Industries development Bank of India
4). National Housing bank


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1 answers

68 vote
Answered by on | Votes 68 |
  • All of the above are development financial institution working under the Indian financial system.
  • Definition - These are a specialized financial institution set up with an aim to serve and develop specific sectors of the economy.
  • The first development financial institution was Industrial Financial Corporation of India, set up in 1948.
  • Some other examples are EXIM bank, IDBI, UTI, IIFCL etc. 

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