Which of the following statement/s is/are correct?
1. Small Industry Development Bank of India (SIDBI) was set-up as a whole owned subsidiary of the RBI.
2. SIDBI has taken over the responsibility of administering Small Industry Development Fund managed by the IDBI.
A. 1 is correct
B. 2 is correct
C. 1 and 2 is correct
D. Neither 1 nor 2 is correct
Answer: Option B
Join The Discussion