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Commerce Short Question | Gkseries

Q.

SIDBI was set up as a subsidiary of IDBI to

[A] Take over the functions of small business financing of IDBI.
[B] Take over the venture capital operations of ICICI.
[C] Reconstruct and rehabilitate the sick and closed industrial units financed by IDBI.
[D] Facilitate, finance and promote India’s Foreign trade.
Answer & Explanation

Answer: Take over the functions of small business financing of IDBI.

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