BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is NOT a Public Sector Unit? [Indian Overseas Bank 2011]
A
HPCL
B
Yes Bank
C
HAL
D
SAIL
Explanation: 

Detailed explanation-1: -Detailed Solution. NTPC, SAIL and BHEL Are public sector undertakings. Whereas Tata Iron and Steel Company (Tisco) was established in Jamshedpur in 1907 which is not a public sector undertaking.

Detailed explanation-2: -Detailed Solution. The correct answer is option 3, i.e. IDBI Bank.

Detailed explanation-3: -Public Sector Banks – The government owns most of the stock. Punjab National Bank, State Bank of India, Central Bank of India, and other institutions are examples of public sector banks. Private Sector Banks – Private individuals own the majority of the stake.

There is 1 question to complete.