RPF Sub-Inspector (Executive) 2024 · Question 618 of 640

What is the primary function of development banks in the context of India's industrial growth?

1. AThey serve as regulatory bodies to enforce industrial standards.
2. BDevelopment banks provide long-term financing and support for industrial projects and infrastructure development.Correct
3. CThey are involved only in short-term consumer lending.
4. DTheir sole function is to manage the country's foreign exchange reserves.