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GK QUESTION#1281

In which of the following states is the headquarters of IDBI (Industrial Development Bank of India) located?

  1. AHaryana
  2. BMaharashtraCorrect answer
  3. CKarnataka
  4. DWest Bengal
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Answer

B. Maharashtra

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Explanation

Maharashtra (Mumbai). IDBI was constituted under the Industrial Development Bank of India Act, 1964. An industrial bank is a state-chartered, financial institution, owned by a commercial firm, that is not regulated by a federal banking agency.

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