Consider the following statements regarding Indian planning:
The Discount and Finance House of India was set up in 1990.
The Discount and Finance House of India is a subsidiary of RBI.
DFHI deals with financing long-term loans.
Which of the statements given above is/are correct?
Options:
A . 2 only
B . 1 and 2
C . 1 only
D . 1, 2 and 3
Answer: Option A Answer: (a) The Discount and Finance House of India was set up in 1988 by the Reserve Bank of India to help develop the money market in India. DFHI deals with treasury bills of different maturities and rediscount short-term commercial bills.
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