{"id":32931,"date":"2024-04-15T09:09:01","date_gmt":"2024-04-15T09:09:01","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32931"},"modified":"2024-04-15T09:09:01","modified_gmt":"2024-04-15T09:09:01","slug":"which-of-the-following-statements-are-correct-in-context-of-ifci","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-are-correct-in-context-of-ifci\/","title":{"rendered":"Which of the following statements are correct in context of IFCI?"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9f7ca31741a\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    IDBI, Scheduled banks, insurance companies, investment trusts and co-operative banks are the shareholders of IFCI                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    IFCI is authorized to issue bonds and debentures in the open market, to borrow foreign currency from the World Bank and other organizations, accept deposits from the public and also borrow from the RBI                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    IFCI provides Soft Loan Assistance, Entrepreneur Development Programme, Industrial Development in Backward Area stypes of aids to industry                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    All of the above                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is D. All of the above.<\/p>\n<p>IFCI is a development financial institution (DFI) in India. It was established in 1955 as the Industrial Finance Corporation of India. IFCI is the first DFI in India and is the largest DFI in the country. IFCI is a wholly-owned subsidiary of the Government of India.<\/p>\n<p>IFCI provides financial assistance to industrial enterprises in India. It provides loans, guarantees, and equity participation to industrial enterprises. IFCI also provides advisory services to industrial enterprises.<\/p>\n<p>IFCI has a wide range of products and services. It provides long-term loans, medium-term loans, short-term loans, and working capital loans. IFCI also provides guarantees, equity participation, and advisory services.<\/p>\n<p>IFCI has a network of offices in India and abroad. It has offices in all major cities in India and in several countries abroad.<\/p>\n<p>IFCI is a member of the International Finance Corporation (IFC) and the Asian Development Bank (ADB). IFCI is also a member of the Association of Development Finance Institutions in Asia and the Pacific (ADFIAP).<\/p>\n<p>IFCI has a strong track record of providing financial assistance to industrial enterprises in India. It has helped to promote industrial development in India and has contributed to the growth of the Indian economy.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: IDBI, Scheduled banks, insurance companies, investment trusts and co-operative banks are the shareholders of IFCI.<\/li>\n<\/ul>\n<p>IFCI is a public limited company. The Government of India is the largest shareholder of IFCI. Other shareholders of IFCI include IDBI, Scheduled banks, insurance companies, investment trusts and co-operative banks.<\/p>\n<ul>\n<li>Option B: IFCI is authorized to issue bonds and debentures in the open market, to borrow foreign currency from the World Bank and other organizations, accept deposits from the public and also borrow from the RBI.<\/li>\n<\/ul>\n<p>IFCI <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> is a financial institution that is authorized to issue bonds and debentures in the open market. It is also authorized to borrow foreign currency from the World Bank and other organizations. IFCI is also authorized to accept deposits from the public and to borrow from the RBI.<\/p>\n<ul>\n<li>Option C: IFCI provides Soft Loan Assistance, Entrepreneur Development Programme, Industrial Development in Backward Area stypes of aids to industry.<\/li>\n<\/ul>\n<p>IFCI provides a variety of financial assistance to industrial enterprises in India. It provides soft loan assistance, entrepreneur development programme, industrial development in backward areas, and other types of aids to industry.<\/p>\n<ul>\n<li>Option D: All of the above.<\/li>\n<\/ul>\n<p>All of the options are correct. IFCI is a development financial institution that <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> provides financial assistance to industrial enterprises in India. It has a wide range of products and services and has a strong track record of providing financial assistance to industrial enterprises in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following statements are correct in context of IFCI?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-are-correct-in-context-of-ifci\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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