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Question

Which of the following banks is a nationalised bank?

The correct answer is

All of the options

Why 'All of the Options' is the Correct Answer Since all the individual banks listed are nationalized banks, the option "All of the options" accurately reflects their status.

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Important Questions from Banking Act or Policies

  1. The General Insurance (Amendment) Act, 2021 removes the provision which required the Central Government to have atleast ________ ownership in four subsidiaries of General Insurance Company, namely, National Insurance, New India Assurance, Oriental Insurance, United India Insurance.

  2. ______ is a legal declaration of a person who is unable to pay off debts.

  3. Which of the following Acts was introduced to regulate Foreign Exchange in India in 1973?

  4. The importance of central bank's function as the lender of the last resort was stressed by Walter Bagehot in which year?

  5. Which of these institutions fixes the Repo Rate and the Reverse Repo Rate in India?

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