Multiple choice general knowledge

When was the Imperial Bank of India nationalized to form the State Bank of India?

  1. 1947

  2. 1949

  3. 1951

  4. 1955

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Imperial Bank of India was nationalized in 1955 to form the State Bank of India through the State Bank of India Act. This marked a significant step in India's banking sector development.