Multiple choice

When was IDBI established in India?

  1. 1960

  2. 1964

  3. 1968

  4. 1970

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

IDBI was established in 1964 as a development finance institution to provide credit and other facilities for the development of Indian industry. It was initially under RBI and became autonomous in 1976. The institution played a crucial role in financing industrial projects during India's planned economy phase.