Read the following statements and choose the correct code nbsp nbsp 2 marks Statement ndash I Small ......

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Read the following statements and choose the correct code : (2 marks)

Statement – I : Small Industry Development Bank of India (SIDBI) was set up as a wholly owned subsidiary of RBI.

Statement – II : SIDBI has taken over the responsibility of administering small industry development fund managed by IDBI.

Codes :

only (I) is correct.

Only (II) is correct

Both (I) and (II) are correct.

Both (I) and (II) are wrong.

Explanation:

Both (I) and (II) are wrong.

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