Question

When did SIDBI start functioning?
(a) 1990
(b) 1992
(c) 1994
(d) 1996

Answer 1

Answer:

a) 1990

Explanation:

IDBI established in1988 under a special act of parliament then it started functioning

from 1990

Answer 2

Answer:

The correct answer to the given question is option (a) 1990

Explanation:

SIDBI or the Small Industries Development Bank of India was founded in the year 1990 on 2nd April. This institution was founded and started by the Indian government to help the small, medium and Microbusinesses and in order to strengthen their position in the Indian market.

The main aim of this project is to help the small businesses or cottage industries financially and helping them to grow.