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Commerce · Q469

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 469

Q469

Which of the following statement/s is/are correct? 1. Small Industry Development Bank of India (SIDBI) was set-up as a whole owned subsidiary of the RBI. 2. SIDBI has taken over the responsibility of administering Small Industry Development Fund managed by the IDBI.

A.
1 is correct
B.
2 is correct
Answer
C.
1 and 2 is correct
D.
Neither 1 nor 2 is correct

Answer: Option B

Solution

Answer: Option B
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