Question

Arrange the following financial institutions as per their year of establishment in chronological order, starting from the oldest to latest: 

(A) National Bank for Agriculture and Rural Development (NABARD) 
(B) The Industrial Finance Corporation of India (IFCI) 
(C) The Industrial Reconstruction Bank of India (IRBI) 
(D) The Industrial Development Bank of India (IDBI) 
Choose the correct answer from the options given below:
 

• A. (C), (B), (A), (D)
• B. (A), (C), (B), (D)
• C. (B), (C), (A), (D)
• D. (B), (D), (C), (A)

Hint:

Understanding the chronological order of financial institutions helps track the development of India's financial system.

Answer 1

The Correct Option is C

Objective: Arrange financial institutions by their establishment dates.

Institutions and Establishment Dates:

• (B) The Industrial Finance Corporation of India (IFCI) - 1948
• (C) The Industrial Reconstruction Bank of India (IRBI) - 1971
• (A) National Bank for Agriculture and Rural Development (NABARD) - 1982
• (D) The Industrial Development Bank of India (IDBI) - 1964

Chronological Order (Oldest to Newest):

1. IFCI (1948)
2. IDBI (1964)
3. IRBI (1971)
4. NABARD (1982)

Final Order: (B), (D), (C), (A). This corresponds to answer option (3).