Multiple choice

The apex organisation of industrial finance in India is

  1. IDBI

  2. RBI

  3. ICICI

  4. IFCI
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A Correct answer
Explanation

IDBI (Industrial Development Bank of India) is the apex organization for industrial finance in India. It was established to provide financial assistance for industrial development and acts as the coordinator at the national level for institutional finance. RBI is the central bank, while ICICI and IFCI are other development banks but not the apex institution.

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