New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Which of the following Statements about SIDBI is/are True?

    I-             SIDBI comes under the MSME Ministry

    II-            It has only one office at Mumbai

    III-           SIDBI is one of the four All India Financial Institutions regulated and supervised by the Reserve Bank of India.

    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Only III Correct Answer Incorrect Answer
    D Both I & II Correct Answer Incorrect Answer
    E Both I & III Correct Answer Incorrect Answer

    Solution

    Small Industries Development Bank of India (SIDBI) is the apex regulatory body in India for overall regulation and licensing of microfinance institutions in India. It is under the jurisdiction of Ministry of Finance, Government of India headquartered at Lucknow and having its offices all over the country. Its purpose is to provide refinance facilities and short-term lending to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector. SIDBI is one of the four All India Financial Institutions regulated and supervised by the Reserve Bank of India; other three are India Exim Bank, NABARD and NHB.

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