Multiple choice

The State Bank of India has power to acquire ______________ under the State Bank of India Act.

  1. movable property

  2. immovable property

  3. movable or immovable property

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Under The State Bank of India Act, 1955 The State Bank shall have power to acquire and hold property, whether movable or immovable, for the purposes for which it is constituted and to dispose off the same.

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