16 - Development Financial Institutions (DFIs)

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Development Financial Institutions (DFIs) for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

1. When was NABARD set up in India?

[A] 1976
[B] 1979
[C] 1981
[D] 1982

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2. Which bank is a specialized financial institution for financing, facilitating and promoting foreign trade of India?

[A] EXIM Bank
[B] ICICI
[C] IDBI
[D] NABARD

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3. Where is the headquarters of SIDBI located?

[A] Nagpur
[B] Pune
[C] Lucknow
[D] Mumbai

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4. Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise (MSME) sector?

[A] NABARD
[B] IDBI
[C] SIDBI
[D] IFCI

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5. When was the Industrial Finance Corporation of India setup in India?

[A] 1945
[B] 1948
[C] 1951
[D] 1991

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6. Which international organisation helped in setting up of ICICI in 1955?

[A] World Bank
[B] ADB
[C] IMF
[D] None of the above

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7. In which year the ICICI Limited was merged with its subsidiary ICICI Bank?

[A] 2002
[B] 2004
[C] 2005
[D] 1995

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8. When the IDBI was set up in India?

[A] 1964
[B] 1967
[C] 1968
[D] 1969

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9. Where is the headquarter of National Housing Bank located?

[A] New Delhi
[B] Mumbai
[C] Chennai
[D] Bangalore

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10. When was the National Housing Bank Act passed?

[A] 1976
[B] 1987
[C] 1996
[D] 1970

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