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Business and Finance Quiz
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The nationalization of the Imperial bank in 1955 in India led to the creation of which financial instittion?
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A
SBI
💡 Explanation:
The nationalization of Imperial Bank of India in 1955 led to the creation of State Bank of India (SBI). The SBI Act was passed in 1955, transforming the Imperial Bank into SBI, which became India's largest public sector bank. UBI, Canara Bank, and Allahabad Bank were separate entities.