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Examveda

Which one of the following is the main objective of IFCI?

A. To offer both small and large investors the means of acquiring shares in the widening prosperity resulting from the steady industrial growth of the country

B. To upgrade technology, modernisation and to promote marketing of products of small scale sector

C. To serve as the apex institution for term finance for industry with coordination, regulation and supervision of the working of other financial institutions

D. To provide medium and long-term financial assistance to industrial undertakings, particularly in those circumstances in which banking accommodation is in appropriate or resource to capital market is impracticable

Answer: Option D


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