Multiple choice

The Union Cabinet has approved the Bill to amend the State Bank of India Act, 1955 which will allow the government to reduce its stake in SBI from the current limit of ____to_____.

  1. 65 per cent, 60 per cent

  2. 60 per cent, 55 per cent

  3. 55 per cent, 51 per cent

  4. 51 per cent, 49 per cent

  5. 49 per cent, 33 per cent
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

As on September 30, 2009, the government holds 59.4 per cent stake in SBI, the country's largest bank. The stake sale would bring government holding in SBI at par with other nationalised banks.

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