Banking Awareness Quiz on Bank Nationalization in India

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Welcome to Banking Awareness Quiz. Today’s questions are based on banking awareness. Take this quiz & know how much you are prepared for SBI Clerk/PO, IBPS PO /Clerk& other banking entrance exams. Banking awareness questions are very important in IBPS and coming SBI exams.

Banking Awareness Quiz

1. United Bank of India was nationalised in in ___. 
A)1985
B)1970
C)1969
D)1979
E)None of these

2. In the year ___, the Union government merged the New Bank of India with Punjab National Bank.
A)1990
B)1995
C)1989
D)1993
E)None of these

3. Indira Gandhi was the Prime Minister of India when the rst round of Banking Nationalization was done in _____.
A)1969
B)1975
C)1980
D)1985
E)None of these

4. In ___, the former Imperial Bank of India became the State Bank of India with the Act of parliament.
A)1959
B)1963
C)1955
D)1965
E)None of these

5. SBI acquired the control of seven banks via the State Bank of India (Subsidiary Banks) Act, _____.
A)1960
B)1959
C)1955
D)1962
E)None of these

6. The Banks were nationalised in India to provide the government of India ____ and further economic development.
A)employment generation
B)more control of credit delivery
C) more revenue  generation
D) all of these
E)None of these

7. Fourteen major commercial Banks were nationalized on July 19th, ____.
A)1969
B)1968
C)1967
D)1966
E)None of these

8. Six banks were nationalised in ___.
A)1987
B)1963
C)1980
D)1990
E)None of these

9. The Government of India issued the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, ____and nationalised the 14 largest commercial banks .
A)1960
B)1965
C)1970
D)1969
E)None of these

10. The second round of nationalisations of six more commercial banks followed in 1980, after which the Government of India controlled around ___% of the banking business of India
A)81%
B)90%
C)92%
D)91%
E)None of these