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

A. To offer 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 modernization and promote the marketing of products of the small-scale sector

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

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

Answer: Option D


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Related Questions on Business Finance

Match List-I with List-II and select the correct answer:

List-I List-II
a. Modigliani Miller approach 1. Commercial papers
b. Net operating income approach 2. Working capital management
c. Short-term money market instrument 3. Capital structure
d. Factoring 4. Arbitrage

A. a-4, b-3, c-1, d-2

B. a-3, b-4, c-1, d-2

C. a-2, b-3, c-1, d-4

D. a-3, b-2, c-4, d-1