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



  • A

    Only (I) is correct

  • B

    Only (II) is correct

  • C

    Both (I) and (II) are correct

  • D

    Both (I) and (II) are wrong