Q: What are the objectives and functions of state financial corporations? 1. The main function is to provide non-term loans for the acquisition of land, building, plant, machinery and other movable assets. 2. To finance expansion, modernization and upgradation of technology in the existing units. 3. To assist for the promotion of industry by the rural and urban artisans. 4. Providing seed capital assistance under the scheme of Industrial Development Bank of India. Select the correct answer using the code given below:
(a)1, 2 and 3 only
(b)2, 3 and 4 only
(c)1, 2 and 4 only
(d)1, 3 and 4 only
Correct Answer: (b)
The correct answer is (d) '1, 3 and 4 only'. Among the 4 statements given, this option correctly identifies which statements are accurate regarding Agriculture & Rural Development (Indian Economy).