Multiple choice

Which of the following banks provides financial aid to industries, heavy turnkey projects and foreign trade?

  1. Central bank

  2. Cooperative banks

  3. Specialised banks

  4. Public sector banks

  5. Private sector banks
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer. These are foreign exchange banks, development banks or export-import banks catering to unique and specific needs of these unique activities. These banks provide financial aid to industries, heavy turnkey projects and foreign trade.

Keep practicing — related questions