Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which bank did not merge with the State Bank of India in 2017?
Which bank did not merge with the State Bank of India in 2017?
- Global Trust Bank (correct)
- State Bank of Indore
- Bank of Punjab
- State Bank of Saurashtra
What was the impact of the nationalization of banks on the country's economic condition?
What was the impact of the nationalization of banks on the country's economic condition?
- Decrease in funds
- Increased funds and improved economic condition (correct)
- Reduced efficiency
- No impact on the economic condition
During the liberalization period, which banks were introduced as private-sector banks in India?
During the liberalization period, which banks were introduced as private-sector banks in India?
- State Bank of Saurashtra, HDFC Bank, ICICI Bank
- IDBI Bank, Centurion Bank, Axis Bank (correct)
- Bank of Punjab, Indus land Bank, Times Bank
- Global Trust Bank, State Bank of Indore, Development of Credit Bank
What did the government use the profit gained by the nationalized banks for?
What did the government use the profit gained by the nationalized banks for?
Signup and view all the answers
What was the impact of the introduction of private-sector banks in India?
What was the impact of the introduction of private-sector banks in India?
Signup and view all the answers
Which bank was the first to be established among the ones listed?
Which bank was the first to be established among the ones listed?
Signup and view all the answers
In which year did the Reserve Bank of India come into existence?
In which year did the Reserve Bank of India come into existence?
Signup and view all the answers
How many banks were nationalized during the first stage of nationalization in 1969?
How many banks were nationalized during the first stage of nationalization in 1969?
Signup and view all the answers
Which bank was not among the 6 banks that were nationalized in 1980?
Which bank was not among the 6 banks that were nationalized in 1980?
Signup and view all the answers
Which subsidiary of the State Bank of India was nationalized in 1959?
Which subsidiary of the State Bank of India was nationalized in 1959?
Signup and view all the answers
