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Q: Which of the following is the full form of SIDBI?
  • A. Small Industries and Domestic Bank of India
  • B. Small Inter Development Bank of India
  • C. Small Industries Development Bank of India
  • D. Small Indian Development Bank for Industry
Correct Answer: Option C - The SIDBI (Small Industries Development Bank of India) is a wholly-owned subsidiary of IDBI (Industrial Development Bank of India). It is established under the Special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI is the Principal financial Institution engaged in promotion, financing and development of the Micro, Small and Medium Enterprises (MSMEs) sector and coordination of the functions of the various institutions engaged in similar activities. Its headquarters is situated in Lucknow, Uttar Pradesh.
C. The SIDBI (Small Industries Development Bank of India) is a wholly-owned subsidiary of IDBI (Industrial Development Bank of India). It is established under the Special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI is the Principal financial Institution engaged in promotion, financing and development of the Micro, Small and Medium Enterprises (MSMEs) sector and coordination of the functions of the various institutions engaged in similar activities. Its headquarters is situated in Lucknow, Uttar Pradesh.

Explanations:

The SIDBI (Small Industries Development Bank of India) is a wholly-owned subsidiary of IDBI (Industrial Development Bank of India). It is established under the Special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI is the Principal financial Institution engaged in promotion, financing and development of the Micro, Small and Medium Enterprises (MSMEs) sector and coordination of the functions of the various institutions engaged in similar activities. Its headquarters is situated in Lucknow, Uttar Pradesh.