Indian Economy
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Banking

Imperial Bank was nationalised and named it as
     A.  State Bank of India
     B.  Indian Bank
     C.  Axis Bank
     D.  Canara Bank

Answer:

A


State Bank of India was established on
     A.  May 2, 1951
     B.  June 21, 1952
     C.  July 1, 1955
     D.  August 12, 1956

Answer:

C


Gold Bond Scheme is introduced by the State Bank of India (SBI) in
     A.  1999
     B.  2001
     C.  2002
     D.  2003

Answer:

A


The biggest commercial bank in India is
     A.  RBI
     B.  SBI
     C.  IDBI
     D.  Exim Bank of India

Answer:

B


Banking amendment bill reduced SBI holdng in its seven subsidiary banks from
     A.  90% to 75%
     B.  85% to 50%
     C.  75% or more to 51%
     D.  65% or more to 49%

Answer:

C


Indian Economy