BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ECGC
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SEBI
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SIDBI
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Axis Bank
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Detailed explanation-1: -Axis Bank is a private banking company. It is not a Public Sector Undertaking since it is not owned by government of India.
Detailed explanation-2: -HDFC Bank is a private sector bank in India.
Detailed explanation-3: -BHEL, ONGC, OIL are public sector undertakings. Public sector refers to government-owned organisations and government-provided services.
Detailed explanation-4: -Currently there are 12 Nationalised Banks in India (Government Shareholding power is denoted in %, as of 30 October 2022): State Bank of India (57.52%) Bank of Baroda (63.97%) Union Bank of India (83.49%)
Detailed explanation-5: -Companies owned by the government are called public sector undertakings. ONGC, IOCL, BPCL, HPCL, Coal India, etc.