Question : State Bank of India was previously known as:
Option 1: Imperial Bank of India
Option 2: Canara Bank
Option 3: Syndicate Bank
Option 4: Co- operative
Correct Answer: Imperial Bank of India
Solution : The correct option is Imperial Bank of India.
The Imperial Bank of India operated from 1921 to 1955. It came into existence through the merger of three presidency banks: the Bank of Calcutta, the Bank of Bombay, and the Bank of Madras. In 1955, as part of the government's initiative to nationalize major banks, the Imperial Bank of India underwent a transformation, emerging as the State Bank of India (SBI). Today, SBI stands as one of India's largest and most prominent banks.
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Question : Reserve Bank of India was nationalised in:
Option 1: 1947
Option 2: 1948
Option 3: 1949
Option 4: 1951
Question : On 20 July 2021, the Supreme Court struck down certain provisions of part IXB of the Constitution of India. Part IXB was related to:
Option 1: Panchayats
Option 2: Municipalities
Option 3: Co-operative societies
Option 4: Sub-ordinate courts
Question : Which of the following was established on the recommendation of the Hilton Young Commission?
Option 1: The Securities and Exchange Board of India (SEBI)
Option 2: The Reserve Bank of India
Option 3: State Bank of India
Option 4: National Bank for Agriculture and Rural Development
Question : Article 1of the Constitution declares India as
Option 1: Federal State
Option 2: Quasi -Federal State
Option 3: Unitary State
Option 4: Union of States
Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
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