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Commerce · Q655

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 655

Q655

Which one of the following statement is incorrect?

A.
Development banks provide financial assistance to both private as well as public sector institutions
B.
Development banks react to the socio-economic needs of development
C.
The National Securities Depository Limited (NSDL) is the institute which is built by IDBI
Answer
D.
The Securities Trading Corporation of India (STCI) was promoted by SEBI jointly with the public sector banks

Answer: Option C

Solution

Answer: Option C
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