| Which one of the following Companies is/are eligible for the financial assistance and loans from the Industrial Finance Corporation of India (IFCI)? |
| 1. Limited Public Companies |
| 2. Public Co-Operatives |
| 3. Private Limited Companies |
| 4. Partnership Firms |
A) 1, 2 and 3
B) 1 and 3
C) 1, 2, 3 and 4
D) 1 and 2
Correct Answer: D
Solution :
The functions of the IFCI base as follows: (i) The corporation grants loans and advances to industrial concerns, (ii) Granting of loans both in rupees and foreign currencies, (iii) The corporation underwrites the issue of, stocks, bonds, shares etc. (iv) The corporation can grant loans only to public limited companies and co-operatives but not to private limited companies or partnership firms.
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