Multiple choice

The financial institution which provides loans mostly in foreign currency is

  1. IDBI

  2. IFCI

  3. ICICI

  4. SFC
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

ICICI was established as a specialized financial institution to provide foreign currency loans and promote international financing. While IDBI (A) and IFCI (B) were development financial institutions, ICICI had a specific mandate for foreign currency operations. SFC (D) refers to State Financial Corporations which focused on state-level financing.

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