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Complete the following statement : Development financial institutions were established to ______.

Q.1 (D) (iv) Complete the following statement : Development financial institutions were established to ______.

A. (a) provide short term funds

B. (b) develop industry, agriculture and other key sectors.

C. (c) regulate the money market.

D. (d) regulate the capital market.

1 answer

Best answer

Answer: B. (b) develop industry, agriculture and other key sectors.

Answer: (b) develop industry, agriculture and other key sectors.

Development financial institutions such as IDBI, IFCI, ICICI, NABARD and SIDBI were set up to provide long-term finance to develop industry, agriculture and other key sectors of the economy.

Doubtly AI · 28 Oct 2026 AI-verified · Oct 2026 Report
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