part 3

14. When was Reserve Bank of India established?
(A) 1920
(B) 1925
(C) 1935
(D) 1948
Ans : (C)

15. When was Reserve Bank of India Nationalised?
(A) 1947
(B) 1948
(C) 1949
(D) 1950
Ans : (C)

16. When was Indian Banking Act come into force?
(A) 1948
(B) 1949
(C) 1950
(D) 1951
Ans : (B)

17. Imperial Banks were amalgamated and changed as _________
(A) Reserve Bank of India
(B) Tata Bank of India
(C) Subsidiary Banks
(D) Union Bank of India
Ans : (B)

18. When was Imperial Bank was Changed as State Bank of India?
(A) January 1st 1935
(B) Feb 26 1947
(C) July 1st 1955
(D) July 1st 1959
Ans : (C)

19. How many banks were first nationalised?
(A) 10
(B) 12
(C) 14
(D) 16
Ans : (C)

20. When was the second phase of nationalisation done?
(A) 9th July 1969
(B) 10th July 1968
(C) 16th August 1985
(D) 15th April, 1980
Ans : (D)