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Answer : 4. "Land Development Bank"
Which of the following distributes long-term loans to private industry in India?
5Q:
Which of the following distributes long-term loans to private industry in India?
- 1Food Corporation of Indiafalse
- 2Life Insurance Corporation of Indiafalse
- 3Primary Credit Societyfalse
- 4Land Development Banktrue
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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.