GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which year “Central Bank of India” was formed?
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21st December 1910
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21st December 1911
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21st December 1912
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21st December 1913
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Explanation:
Detailed explanation-1: -Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians.
Detailed explanation-2: -The Reserve Bank of India was nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948. All shares in the capital of the Bank were deemed transferred to the Central Government on payment of a suitable compensation.
Detailed explanation-3: -The Reserve Bank of India (RBI) is the central bank of India.
There is 1 question to complete.