Banking Institutions and History

'With you all the way' is the official slogan of State Bank of India (SBI), the country's largest public sector bank. The slogan emphasizes SBI's commitment to being a reliable financial partner throughout customers' banking journeys. The other options - IOB, ICICI, Axis Bank, and PNB - have different taglines.

The Imperial Bank of India was renamed State Bank of India in 1955 after nationalization. It became India's central bank until RBI took over, and later became a commercial bank. Union Bank, UTI, and Allahabad Bank are separate institutions.

ISBS stands for Indian State Broadcasting Service. This was an earlier name for India's national broadcasting service before it became All India Radio (AIR), reflecting its status as a government-operated broadcasting entity.

The correct answer is (3). 

The correct answer is (2). 

The second wave of bank nationalization in 1980 involved 6 banks: Andhra Pradesh Bank, Corporation Bank, New Bank of India, Oriental Bank of Commerce, Punjab and Sind Bank, and Vijaya Bank. Corporation Bank (founded 1905) was indeed one of these banks, bringing the total nationalized banks to 28 by 1980.

Yes, correct choice. Allahabad Bank is the oldest of all the existing banks in India.

Correct choice. All of the above are true. 

Yes, it is the correct choice. Bank of India is the first bank to open a branch outside India.

Incorrect answer. Serving to grow. Growing to serve is the punchline of Canara bank.

Choice is correct.  SBI was previously called as Imperial bank of india.Incorrect answer.

Correct answer is 1.

Correct answer is 2. 

Correct answer is 3.

High-powered money (monetary base) consists of currency held by the public and bank reserves. Only the central bank (Reserve Bank of India in the Indian context) can create high-powered money through currency issuance and open market operations. Commercial banks create deposit money through lending, but this is derived money that multiplies the high-powered money base.