Which of the following statement(s) is/are Incorrect about Development Banks? 1. Development banks are financial institutions that provide long-term credit for capital-intensive investments spread over a long period and yielding low rates of return. 2. Development banks usually obtain finances by issuing long-dated securities in capital market, subscribed by long-term savings institutions such as pension and life insurance funds and post office deposits. Select the correct answer using the codes given below: - Study24x7
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Which of the following statement(s) is/are Incorrect about Development Banks? 1. Development banks are financial institutions that provide long-term credit for capital-intensive investments spread over a long period and yielding low rates of return. 2. Development banks usually...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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