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GK MCQs Section
Q. SIDBI was established as a subsidiary of which institution in 1990?
Answer: Industrial Development Bank of India
Notes: SIDBI was established on April 2, 1990, as a wholly owned subsidiary of the Industrial Development Bank of India (IDBI) under an Act of Parliament. SIDBI acts as the principal financial institution for promoting, financing, and developing the Micro, Small, and Medium Enterprises (MSME) sector in India. SIDBI's headquarters are in Lucknow, Uttar Pradesh.
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