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Question

According to the information available up to October 2020, how many public sector banks are there in India?

This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper (8-Mar-2021) (Shift 2)
The correct answer is

12

Public Sector Banks in India (October 2020)

As per the information available up to October 2020, the number of public sector banks (PSBs) operating in India was 12.

  • This count reflects the consolidation and mergers that took place in the Indian banking sector prior to October 2020.
  • The reduction in the number of PSBs was a result of government initiatives aimed at strengthening the banking system through consolidation.

Therefore, the correct count of public sector banks in India by October 2020 is 12.

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Similar Questions

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Important Questions from Reasoning

  1. Some even numbers such as 6, 8, 24, 28, 32 and 46 are given. If you ask your students to sum any two even numbers given, then in each case they will get an even number. Therefore, by studying the various uses of this type, we can conclude that the sum of any two even numbers is always even. What kind of logic do we observe from the above statement?

    I. Inductive reasoning

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