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Financial institutions set up by governments are also called what?
AFactor firms
BLessor firms
CDevelopment banks
DDepositories
Answer & Solution
Correct answer: C. Development banks
Central and state government financial institutions giving industrial finance are called development banks.
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Which is true of the choice of a source of funds?Short-term financing mostly funds which kind of asset?Besides finance, development institutions also provide what?Financial institutions mainly meet which type of requirements?Government financial institutions are also called what?Before sanctioning a loan, a commercial bank requires the borrower to do what?A bank loan does not need which formality?A merit of bank loans is that business secrecy is what?