Question

Estimating and financing funds requirement schemes are offered by:
A. Various commercial banks
B. Industrial Development Bank of India (IDBI)
C. Industrial Credit and Investment Corporation of India (ICICI)
D. Small Industrial Development Bank of India (SIDBI)
E. Reserve Bank of India
Choose the most appropriate answer from the options given below:

• A. A, B, D and E holds true
• B. A, C, D and E holds true
• C. A, B, C and D holds true
• D. B, D and E holds true

Answer 1

The Correct Option is C

The question asks us to identify which organizations offer schemes for estimating and financing funds requirements. Let's evaluate each option to determine if it is part of such schemes:

1. Various Commercial Banks (A): Commercial banks often offer a variety of financial products, including loans and financing options to businesses. Thus, option A is true.
2. Industrial Development Bank of India (IDBI) (B): IDBI is specifically recognized for providing financial assistance and development support to industries in India. Therefore, it falls under organizations offering funding schemes. Option B is true.
3. Industrial Credit and Investment Corporation of India (ICICI) (C): ICICI provides funding for various industrial and business projects which includes supporting businesses in financing their operations. Thus, option C is true.
4. Small Industrial Development Bank of India (SIDBI) (D): SIDBI is known for focusing on the growth of small-scale industries and providing various financial support schemes. So, option D is true.
5. Reserve Bank of India (E): Though the RBI provides the overarching regulatory and monetary policy framework for banks, it does not directly offer financing to industries. Therefore, option E is not true in the context of this question.

After evaluating the options, the correct answer is A, B, C, and D, as all these institutions are involved in offering schemes for estimating and financing fund requirements.