Headquarter of Madhya Pradesh Finance Corporation is
- (a)Indore
- (b)Bhopal
- (c)Jabalpur
- (d)Ujjain
Correct — A, Indore. The Madhya Pradesh Financial Corporation (MPFC) — set up in 1955 under the State Financial Corporations Act, 1951 to provide term finance to small and medium industry in the state — is headquartered at Indore, Madhya Pradesh's commercial and industrial capital.
- (b)Bhopal — Bhopal is the state's political capital, but MPFC's head office is in Indore, not Bhopal.
- (c)Jabalpur — A divisional headquarters and High Court seat, but not the location of MPFC.
- (d)Ujjain — Not the seat of the corporation's headquarters.
State Financial Corporations (SFCs) are state-level term-lending institutions created under the State Financial Corporations Act, 1951. The Madhya Pradesh Financial Corporation is the state's SFC; it provides medium- and long-term finance to small and medium industries and is based in Indore.
MP questions on 'headquarters' often trap aspirants who default to Bhopal (the political capital). Many industrial and financial institutions instead sit in Indore, the commercial hub — as MPFC does.
- MPFC was established in 1955 under the State Financial Corporations Act, 1951.
- Its headquarters is at Indore.
- It provides term finance to small and medium industries in Madhya Pradesh.
- Indore is MP's commercial and industrial hub, distinct from the political capital Bhopal.
- Defaulting to Bhopal for every 'MP headquarters' question.
- Confusing the financing corporation (MPFC) with industrial-development bodies like AKVN.
MPPSC asks the headquarters of state boards and corporations; anchor MPFC to Indore and contrast it with Bhopal, the political capital.
No directly related past PYQ was found.
- practice — not a real PYQ
State Financial Corporations such as MPFC are established under which Act?
- (a)State Financial Corporations Act, 1951
- (b)Reserve Bank of India Act, 1934
- (c)Companies Act, 1956
- (d)Banking Regulation Act, 1949
Answer(a) State Financial Corporations Act, 1951.
- practice — not a real PYQ
Which city is regarded as the commercial capital of Madhya Pradesh, hosting many industrial and financial institutions?
- (a)Indore
- (b)Bhopal
- (c)Gwalior
- (d)Jabalpur
Answer(a) Indore.