Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

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

Options:

Karnataka

West Bengal

Maharashtra

Haryana

Correct Answer:

Maharashtra

Explanation:

The correct answer is Option (3) - Maharashtra

The headquarters of the Industrial Development Bank of India (IDBI) is situated in Mumbai, Maharashtra.

IDBI is a leading financial institution in India that primarily focuses on providing financial and developmental assistance to various industrial projects and enterprises across the country. It plays a crucial role in promoting industrial growth and development by offering a wide range of financial products and services, including term loans, project financing, working capital assistance, and advisory services.

Mumbai, being the financial capital of India, serves as an ideal location for the headquarters of IDBI due to its strategic importance in the country's financial sector. The city is home to numerous financial institutions, banks, and corporate headquarters, making it a hub for economic activities and business operations.

Thus, Maharashtra, with Mumbai as its capital, is the state where the headquarters of IDBI is located.