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In which year was the State Financial Co...

In which year was the State Financial Corporation Act passed ? The Act provides for the establishment of state financial corporations.

A

1. 1972

B

2. 1983

C

3. 1951

D

4. 1947

Text Solution

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The correct Answer is:
C
STATE FINANCIAL CORPORATION ACT, 1951. An Act to provide for the establishment of State Financial Corporations. The Union Parliament passed the State Financial Corporation Act on September 28, 1951 empowering the state governments to establish financial corporations for their respective regions.
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