Multiple choice general knowledge

In which year was the Imperial Bank of India renamed as the State Bank of India?

  1. 1921

  2. 1939

  3. 1949

  4. 1955
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D Correct answer
Explanation

The Imperial Bank of India was nationalized in 1955 and renamed the State Bank of India under the State Bank of India Act. This marked a significant transformation in India's banking landscape, establishing the country's largest public sector bank.

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