Consider the following : I. > Industrial Finance Corporation of India II. > Industrial Credit and Investment Corporation of India III. > Industrial Development Bank of India IV. > Unit Trust of India The correct sequence in which the above were establishe

examrobotsa's picture

Submitted by examrobotsa on

Q: 96 (IAS/1995)
Consider the following :
I. Industrial Finance Corporation of India
II. Industrial Credit and Investment Corporation of India
III. Industrial Development Bank of India
IV. Unit Trust of India
The correct sequence in which the above were established is

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,47,85,47,42,34,9

keywords: 

{'industrial development bank': [0, 1, 2, 1], 'unit trust': [0, 2, 0, 1], 'industrial credit': [0, 1, 2, 0], 'investment corporation': [0, 1, 2, 0], 'iv': [6, 110, 77, 8], 'india': [8, 1, 7, 13]}

The Industrial Finance Corporation of India (IFCI) was the first development finance institution in the country to cater to the long-term finance needs of the industrial sector. Next, the Industrial Credit and Investment Corporation of India (ICICI) was established for the promotion of industrial development by providing finance and credit facilities. The Unit Trust of India (UTI) is India’s first mutual fund, which came into existence in 1964. Lastly, the Industrial Development Bank of India (IDBI) was established in 1964 as a development finance institution for providing credit and other financial facilities. Therefore, the correct sequence in which these were established is as follows: Industrial Finance Corporation of India, Industrial Credit and Investment Corporation of India, Unit Trust of India, and the Industrial Development Bank of India or option 1: I, II, IV, III.