JKSSB Mock Tests

The establishment of the Industrial Development Bank of India (IDBI) in 1964 was a significant step toward:

A. Promoting heavy industries
B. Encouraging small-scale industries
C. Providing housing loans
D. Supporting agricultural cooperatives
Answer: Option A
Solution (By JKSSB Mock Tests Team)
The massive Industrial Development Bank of India (IDBI) was legally established in 1964 as a wholly-owned, highly powerful subsidiary of the RBI exactly to securely act as the principal financial institution for massively coordinating long-term industrial finance and strictly promoting heavy industries.
This Question Belongs to: General knowledge mcqs Economics set 2

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