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Match Column-A with Column-B and select the correct answer using the codes given below.

Column-A Column-B
a. 1955 1. Export-Import Bank of India
b. 1964 2. Industrial Development Bank
c. 1982 3. Industrial Credit and Investment
d. 1987 4. Board of Industrial and Financial Reconstruction

1. a-1, b-2, c-3, d-4
2. a-2, b-3, c-1, d-4
3. a-3, b-2, c-1, d-4
4. a-4, b-1, c-2, d-3

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Best answer
Correct Answer - Option 3 : a-3, b-2, c-1, d-4

The correct answer is a-3, b-2, c-1, d-4.

Column-A Column-B
a. 1955 Industrial Credit and Investment
b. 1964 Industrial Development Bank
c. 1982 Export-Import Bank of India
d. 1987 Board of Industrial and Financial Reconstruction

 

  • Export-Import Bank of India:
    • Export-Import Bank of India is a wholly-owned Govt. of India entity established in 1982.
    • Its main aim is financing, facilitating and promoting foreign trade in India.
    • The EXIM Bank extends Line of Credit (LoC) to overseas financial institutions, regional development banks, sovereign governments and other entities abroad.
    • It is regulated by the Reserve Bank of India.
  • Industrial Development Bank:
    • In 1964, Industrial Development Bank of India (IDBI) was set up as an apex body of all development finance institutions.
    • According to an UNCTAD study (December 2016), development banks loans which formed 2.2% of the gross capital formation in the early 1970s reached 15.5% by the early 1990s.
  • Industrial Credit and Investment:
    • It played a facilitating role in consolidation in various sectors of the Indian industry, by funding mergers and acquisitions.
    • The ICICI group’s financing and banking operations, both wholesale and retail have been integrated into a single company effective from May 2002.
  • Board of Industrial and Financial Reconstruction:
    • The BIFR consists of a chairperson, as well as two to fourteen other representatives.
    • The prerequisite for all members to be elected as judges of the High Court because otherwise, they should have essential professional experience of at least 15 years.
    • The Board organises and oversees only large or medium-sized sick industrial enterprises where vast amounts have been destroyed.

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