When was the Federation of Indian Chambers of Commerce and Industry (FICCI) established in India?
- A.1948
- B.1952
- C.1939
- D.1927
Correct answer
Explanation
The correct answer is D, 1927. The Federation of Indian Chambers of Commerce and Industry was set up in 1927 by G.D. Birla and Purshottamdas Thakurdas on the advice of Mahatma Gandhi, so that Indian business would have a voice of its own during the freedom struggle. It is the oldest and largest apex business organisation in the country, a non-government body funded by its member companies and chambers, with its head office in New Delhi. Its well known arms include the FICCI Frames media conference and its ladies' organisation, FLO. Option A is wrong because 1948 is the year of the first Industrial Policy Resolution, not of FICCI. Option B is wrong because 1952 saw the first Parliament meet after the general election. Option C is wrong because 1939 is the year the Second World War began. Exam tip: FICCI 1927 with its head office in New Delhi; CII traces itself to 1895 and ASSOCHAM to 1920.
Practice Questions
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