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    Question

    Centre has shortlisted which of the following two banks

    for divestment?
    A Bank of Maharashtra (BoM) and Indian Overseas Bank (IOB) Correct Answer Incorrect Answer
    B Central Bank of India (CBI) and Bank of Maharashtra (BoM) Correct Answer Incorrect Answer
    C Union Bank of India (CBI) and Indian Overseas Bank (IOB) Correct Answer Incorrect Answer
    D Central Bank of India (CBI) and Indian Overseas Bank (IOB) Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Centre has shortlisted Central Bank of India (CBI) and Indian Overseas Bank (IOB) for divestment. The two state-run banks might see 51 percent sale in the first phase of disinvestment. The government will amend the Banking Regulations Act, and some other banking laws for divestment.

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