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UPSC 1995: 97. Consider the following: I. Industrial Finance Corporation of India II. Industrial Credit and Investment Corporation of India III. Industrial Development Bank of India IV. Unit Trust of India The correct sequence in which the above was established is
(a)I, II, IV, III
(b)I, III, II, IV
(c)IV, III, II, I
(d)I, IV, III, II
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Not attemptedCorrect Answer: (a) I, II, IV, III
IFCI was the first all-India DFI, set up in 1948, followed by ICICI in 1955. The Unit Trust of India was created under the UTI Act of 1963 (operational from 1964), while IDBI was established a little later in July 1964. Hence the chronological order is IFCI, ICICI, UTI, IDBI — option (a). ([en.wikipedia.org](https://en.wikipedia.org/wiki/IFCI_Ltd?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 1995 Indian Economy question?▼
The correct answer is option (a): I, II, IV, III. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Banking & Financial Sector question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 1995, GS Paper 1, as Question 97. It falls under Indian Economy > Banking & Financial Sector.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
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UPSC has asked 48 questions from Banking & Financial Sector (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.