GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Imperial Bank of India was nationalised in ____
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1935
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1945
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1955
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1965
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Explanation:
Detailed explanation-1: -In 1955, Imperial Bank of India, a leading commercial bank of that time, was nationalized and renamed as .
Detailed explanation-2: -The reason for nationalising banks was to sync the banking sector with the goals of socialism adopted by the Indian government after independence. RBI’s history points that the idea to nationalise banks and insurance companies germinated as early as 1948, in an All India Congress Committee report.
There is 1 question to complete.