Question

The industrial finance corporation of India was set up in the year
a. 1948
b. 1947
c. 1950
d. 1902​

Answer 1

The industrial finance corporation of India(IFCI) was established in 1948.So the correct answer is option a.

Explanation:

IFCI was set up in 1948 as a statutory corporation under The Industrial Financial Corporation of India Act,1948 in parliament.It was established with the primary objective to provide long term financial assistance to various industrial sectors in the country.These sectors include mainly manufacturing,service and infrastructural sectors. IFCI was also one of the prime initiators of the National Stock Exchange or NSE, Stock Holding Corporation of India Ltd,Technical Consultancy Organizations,Rashtriya Gramin Vikas,Management Development Institute and so forth.

Answer 2

Answer:

answer is 1948

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