10 Questions
Which bank did not merge with the State Bank of India in 2017?
Global Trust Bank
What was the impact of the nationalization of banks on the country's economic condition?
Increased funds and improved economic condition
During the liberalization period, which banks were introduced as private-sector banks in India?
IDBI Bank, Centurion Bank, Axis Bank
What did the government use the profit gained by the nationalized banks for?
Betterment of the people
What was the impact of the introduction of private-sector banks in India?
Increased efficiency and competition
Which bank was the first to be established among the ones listed?
Bank of Hindustan
In which year did the Reserve Bank of India come into existence?
1934
How many banks were nationalized during the first stage of nationalization in 1969?
14
Which bank was not among the 6 banks that were nationalized in 1980?
New Bank of India
Which subsidiary of the State Bank of India was nationalized in 1959?
State Bank of Bikaner and Jaipur
Explore the historical timeline and significant events in the development of banking and insurance in India, from the establishment of the Bank of Hindustan to the nationalization of private banks. Test your knowledge on the evolution of the banking and insurance sector in India.
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