WBCS.LIVE practice question

Which of the following is the headquarters of the Small Industries Development Bank of India (SIDBI)?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Mumbai
  2. New Delhi
  3. Lucknow
  4. Kolkata

Correct answer and explanation

Correct answer: Lucknow

Explanation: āœ… Correct Answer: C) Lucknow šŸ“š Explanation: SIDBI was established in 1990 as a statutory body to promote, finance, and develop the Micro, Small, and Medium Enterprises (MSME) sector. Unlike most major financial institutions headquartered in Mumbai, SIDBI's head office is located in Lucknow, Uttar Pradesh. It acts as the principal financial institution for the MSME sector in India.