Statements on IDBI and Financial Constraints
CMAT 2023 · Innovation & Entrepreneurship · Medium · Innovation and Entrepreneurship
Given below are two statements: one is labelled as Assertion A and the other one is labelled as Reason R. Assertion A: Industrial Development Bank of India (IDBI) caters the financial needs of the budding industries. Reason R: Financial constraint is one of the biggest reasons of business failures in entrepreneurship and there is need to provide financing support to them.
In the light of the above statements, choose the most appropriate answer from the option given below:
- A.
Both A and R are correct and R is the correct explanation of A
- B.
Both A and Rare correct and R is the NOT the correct explanation of A
- C.
A is correct but R is not correct
- D.
A is not correct but R is correct
A
Explanation
Both A and R are correct statements, and Reason R explains why institutions like IDBI were created to support budding industries financially.
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