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Consider the following:
1. Industrial Finance Corporation of India
2. Industrial Credit and Investment Corporation of India
3. Industrial Development Bank of India
4. Unit Trust of India
The correct sequence in which the above were established is:
  • a)
    1, 2, 3, 4
  • b)
    1, 3, 2, 4
  • c)
    4, 3, 2, 1
  • d)
    1, 4, 3, 2
Correct answer is option 'A'. Can you explain this answer?
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Consider the following:1. Industrial Finance Corporation of India2. In...
Best answer should be (1243). IFCI – July 1948; ICICI – 1955; IDBI – 1963 - UTI –July 1964;
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Consider the following:1. Industrial Finance Corporation of India2. In...
Establishment of Financial Institutions in India

Industrial Finance Corporation of India (IFCI)
- Established in 1948
- A statutory corporation under the Industrial Finance Corporation of India Act of 1948
- Provides long-term finance to industrial firms in India
- Aims to promote industrial development in the country

Industrial Development Bank of India (IDBI)
- Established in 1964
- A statutory corporation under the Industrial Development Bank of India Act of 1964
- Provides financial assistance to medium and large-scale industries in India
- Aims to promote industrial development in the country

Industrial Credit and Investment Corporation of India (ICICI)
- Established in 1955
- A joint venture between the World Bank, the Indian government, and Indian industry
- Provides financial assistance to industrial firms in India
- Aims to promote industrial development in the country

Unit Trust of India (UTI)
- Established in 1963
- A trust formed under the Unit Trust of India Act of 1963
- Provides financial assistance to investors in India
- Aims to encourage savings and investment in the country

Correct Sequence of Establishment
- IFCI was established in 1948
- IDBI was established in 1964
- ICICI was established in 1955
- UTI was established in 1963

Therefore, the correct sequence of establishment is 1, 2, 3, 4, which is option A.
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Consider the following:1. Industrial Finance Corporation of India2. In...
A
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Consider the following:1. Industrial Finance Corporation of India2. Industrial Credit and Investment Corporation of India3. Industrial Development Bank of India4. Unit Trust of IndiaThe correct sequence in which the above were established is:a)1, 2, 3, 4b)1, 3, 2, 4c)4, 3, 2, 1d)1, 4, 3, 2Correct answer is option 'A'. Can you explain this answer?
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