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Q:

Which of the following distributes long-term loans to private industry in India?

  • 1
    Food Corporation of India
  • 2
    Life Insurance Corporation of India
  • 3
    Primary Credit Society
  • 4
    Land Development Bank
  • Show Answer
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Answer : 4. "Land Development Bank"
Explanation :

IFCI: IFCI (Industrial Finance Corporation of India) is the first most developmental financial institution established by the Government of India on July 1, 1948. IFCI is a public sector non-banking financial company. The main objective of IFCI was to provide long-term finance to the manufacturing and industrial sector of the country.

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