The Small Industries Development Bank of India, SIDBI, has its head office at
- A.Lucknow
- B.Mumbai
- C.Kanpur
- D.New Delhi
Correct answer
Explanation
The correct answer is A, Lucknow. SIDBI was set up by an Act of Parliament in 1990 as the principal financial institution for the promotion, financing and development of micro, small and medium enterprises, and its head office is at Lucknow in Uttar Pradesh. It refinances banks that lend to small units and runs the funds that support start-ups and microfinance institutions.
Option B, Mumbai, is the headquarters of NABARD and of the Export-Import Bank of India, the two institutions a candidate tends to group with SIDBI. Option C, Kanpur, is an industrial city of the same state and is the home of the Indian Institute of Technology and the National Sugar Institute, not of SIDBI. Option D, New Delhi, holds the National Housing Bank. The pair to remember is SIDBI with Lucknow.
Read the full article: Indian Organisations and Headquarters: City-wise List
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