GK
BANKING AWARENESS AND SEBI
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When did the Government appoint for transfer of stake?
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1 April
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5 April
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26 May
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29 June
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Explanation:
Detailed explanation-1: -To facilitate an ordinance published for providing the requisite statutory provisions in the State Bank of India Act, 1955, the Government appointed 29 June as the date for transfer of stake. On the same principle, the Government also acquired RBI’s shareholding in National Housing Bank (NHB) and NABARD.
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