RAS question
Full form of SIDBI?
Correct answer: (B) Small Industries Development Bank of India.
SIDBI stands for Small Industries Development Bank of India, which was established in 1990.
Explanation
SIDBI expands to Small Industries Development Bank of India. The official SIDBI about page identifies SIDBI by this full name and states that it was set up on 2 April 1990 under an Act of the Indian Parliament. SIDBI is the principal financial institution for the promotion, financing and development of the Micro, Small and Medium Enterprise sector, along with coordination of institutions engaged in similar activities. This directly rules in option B: the key word in the expansion is Bank, not Bureau, and the institution is linked to small industries and the MSME sector rather than to state industries or an intermediate category.
Why the other options are wrong
- (A) This uses Bureau, but the official expansion uses Bank: Small Industries Development Bank of India.
- (C) This changes Small to State, whereas SIDBI's official name begins with Small Industries.
- (D) This omits of India and uses Small and Intermediate Development Bank, which is not the official SIDBI expansion.
Concept
This tests institutional abbreviations within Indian Economy, especially development finance institutions linked to the MSME sector. Such facts recur in RAS because they connect organisation names, establishment years and economic-development functions.