Question 11
EasyOriginal questionThe State Bank of India was created in 1955 out of which bank?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
The Imperial Bank of India was nationalised and renamed the State Bank of India on 1 July 1955.
The Imperial Bank had itself been formed in 1921 by merging the three presidency banks of Bengal, Bombay and Madras.
Worth noting
The Bank of Bengal is an ancestor too, but at one more step removed.
- Concept
- The origin of the State Bank of India
- Typical timeTypical
- 35 s
- Your timeYours
- —
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Ten questions from Indian Economy & Institutions, at your own pace.