Multiple choice

The first Financial Institution set up in India:

  1. IDBI

  2. ICICI

  3. IRBI

  4. IFCI

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Industrial Finance Corporation of India (IFCI) was the first specialized development finance institution in India, established in 1948 under the Industrial Finance Corporation Act to provide term finance to manufacturing industries.