Commerce Short Question | Gkseries

Question

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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