New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    In 1921, three Banks were merged into one Bank i.e,

    Imperial Bank. They are:
    A Bank of Calcutta, Bank of Ahmedabad, Bank of Madras Correct Answer Incorrect Answer
    B Bank of Bombay, Bank of Ahmedabad, Bank of Mysore Correct Answer Incorrect Answer
    C Bank of Bombay, Bank of Madras, Bank of Calcutta Correct Answer Incorrect Answer
    D Bank of Mysore, Bank of Ahmedabad, Bank of Indore Correct Answer Incorrect Answer
    E Bank of Indore, Bank of Saurashtra, Bank of Madras Correct Answer Incorrect Answer

    Solution

    Bank of Bombay, Bank of Madras, Bank of Calcutta were known as Presidency Banks. All the three Banks were merged into one Bank – Imperial Bank in 1921, further in 1955, Imperial Bank is renamed as State Bank of India.

    Practice Next