GK
BANKING AWARENESS AND SEBI
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which year “Federal Bank Limited” was formed?
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1945
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1947
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1949
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1951
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Explanation:
Detailed explanation-1: -It is considered as one of the major Indian commercial banks in the private sector having more than thousand branches and ATMs spread across different States in India.
Detailed explanation-2: -The Federal Reserve System is not “owned” by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation’s central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.
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