Which institution was established in 1961 to promote management education in India?
Show answer & explanation
Correct answer: D
Explanation
Answer: Indian Institute of Management (IIM)
Explanation: The institutions established in 1961 to promote management education in India are the Indian Institutes of Management (IIMs).
The first IIMs were set up with support from the Government of India and international collaboration (notably with MIT Sloan and Harvard).
The primary aim was to develop professional management education and leadership training in India.
The first IIMs established were:
IIM Calcutta (1961)
IIM Ahmedabad (1961)
Additional Key Points:
IIMs are among India’s top management institutions
They offer programs like:
MBA (PGP)
Executive MBA
Doctoral programs (FPM)
Entrance exam: CAT (Common Admission Test)
IIMs are designated as Institutes of National Importance
Potential Exam-Oriented Questions & Answers:
Question: Which is the entrance exam for IIMs?
Answer: CAT
Question: What is the full form of IIM?
Answer: Indian Institute of Management