Multiple choice

SBI (Amendment) Bill 2010 has the provision to reduce government's share in SBI's capital

  1. from 61% to 55%

  2. from 58% to 55%

  3. from 55% to 51%

  4. from 55% to 49%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The SBI (Amendment) Bill 2010 proposed reducing the government's shareholding in State Bank of India from 55% to 51%, the minimum required to maintain majority control, allowing more public floating shares.

Keep practicing — related questions