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UGC NET COMMERCE July 2018 Q58

0. Which one of the following financial institutions co-ordinates the functions and operations of all the financial institutions into a single integrated financial structure so that each may contribute to the growth of the economy?

  • Option : C
  • Explanation : The activities of IDBI is to “Co-ordinate the functions and operations of all the financial institutions, including the IFCI, the ICICI, the LIC, and the UTI into a single integrated financial structure so that each may contribute to the total effect—the growth of the economy”. For the lessening of Bihar’s backwardness and growth of the economy the IDBI again conceived the idea to set up third TCO after North Eastern Industrial and Technical Consultancy Organisation Ltd. (NEITCO) in Bihar.
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