Which of the following is an apex institution in the field of Industrial Finance? A. Industrial Reconstruction Bank of India B. Industrial Finance Corporation of India C. Industrial Development Bank of India D. Industrial Credit & Investment Corporation of India

Which of the following is an apex institution in the field of Industrial Finance? A. Industrial Reconstruction Bank of India B. Industrial Finance Corporation of India C. Industrial Development Bank of India D. Industrial Credit & Investment Corporation of India
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C. Industrial Development Bank of India Explanation: IDBI is the apex financial institution and besides providing financial assistance on consortium basis, the major function of coordination between the various institutions is looked after by the bank. It also provides refinance facility to the eligible financial institutions including term loans. The bank sanctions the financial assistance to the industrial concerns engaged in the manufacture or processing of goods, mining, transport generation and distribution of power etc. both in private and public sectors.
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