📝 One-liners · 66 cards
Banking Laws & DFIs Part 2
What is the primary objective of the Development Finance Institutions (DFIs) established in India?
DFIs were established to provide long-term credit and financial assistance to industrial and infrastructure sectors that were not adequately served by commercial banks.
What is the full form of DFI in the Indian financial context?
Development Finance Institution, set up for long-term financing.
Under which Act was NABARD (National Bank for Agriculture and Rural Development) established?
NABARD was established under the NABARD Act, 1981, and commenced operations on 12 July 1982 as the apex development bank for agriculture and rural development.
In which year was NABARD established?
NABARD was established in 1982.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Banking Laws & DFIs Part 2.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days