History of Banking and Insurance in India
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Betterment of the people</p> Signup and view all the answers

    What was the impact of the introduction of private-sector banks in India?

    <p>Increased efficiency and competition</p> Signup and view all the answers

    Which bank was the first to be established among the ones listed?

    <p>Bank of Hindustan</p> Signup and view all the answers

    In which year did the Reserve Bank of India come into existence?

    <p>1934</p> Signup and view all the answers

    How many banks were nationalized during the first stage of nationalization in 1969?

    <p>14</p> Signup and view all the answers

    Which bank was not among the 6 banks that were nationalized in 1980?

    <p>New Bank of India</p> Signup and view all the answers

    Which subsidiary of the State Bank of India was nationalized in 1959?

    <p>State Bank of Bikaner and Jaipur</p> Signup and view all the answers

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