Commerce Short Question | Gkseries

Which one of the following is the main objective of IFCI ?

A To offer both small and large investors the means of acquiring shares in the widening prosperity resulting from the steady industrial growth of the country.
B To upgrade technology, modernization and to promote marketing of products of small scale sector.
C To serve as the apex institution for term finance for industry with coordination, regulation and supervision of the working of other financial institution.
D To provide medium and long term financial assistance to industrial undertakings, particularly in those circumstances in which banking accommodation is in appropriate or resource to capital market is impracticable.

Answer & Explanation

Answer:To provide medium and long term financial assistance to industrial undertakings, particularly in those circumstances in which banking accommodation is in appropriate or resource to capital market is impracticable.

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