Multiple choice general knowledge

The Imperial bank of India was renamed on 30th April 1955 as what ?

  1. Canara Bank

  2. South Indian Bank

  3. Bank of India

  4. State Bank of India
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D Correct answer
Explanation

The Imperial Bank of India, which was the oldest and largest commercial bank in India, was renamed as the State Bank of India on April 30, 1955, when it became nationalized. This was part of the post-independence reorganization of India's banking sector. The other banks listed (Canara, South Indian, Bank of India) are separate entities that were not part of this renaming.

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