Banking and Financial Institutions

1:

The importance of SFls may be attributed to

A.
they constitute an important source of long-term finance to industry.
B.
SFis have played an important role in the development of (a) Small scale industry, (b) Projects in backward areas.
C.
They have helped new and small entrepreneurs in setting up industry.
D.

All of the above

 

Answer : D

Explanation :

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Option: A

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