The 'Presidency Banks' were merged into the Imperial Bank of India in which year? MCQ with Answer and Explanation

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The 'Presidency Banks' were merged into the Imperial Bank of India in which year?

A. 1921

B. 1935

C. 1949

D. 1905

Answer: Option A

Solution (By JKSSB Mock Tests)

The three presidency banks were merged into the Imperial Bank of India in 1921.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of cost curves, the Average Fixed Cost (AFC) curve is:

A. Horizontal

B. Upward sloping

C. U-shaped

D. Rectangular hyperbola

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Correct Answer: Option D

Explanation:
Average Fixed Cost falls continuously as output increases and the AFC curve is a rectangular hyperbola.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Export-Import Bank of India' was established in which year?

A. 1982

B. 1995

C. 1980

D. 1990

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Correct Answer: Option A

Explanation:
EXIM Bank was established in 1982.

This question belongs to: Economy GK Economy Set 1

Question #3

A payment bank in India can accept demand deposits up to a maximum of:

A. Rs 50,000

B. Rs 2 lakh

C. Rs 5 lakh

D. Rs 1 lakh

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Correct Answer: Option D

Explanation:
Payment banks can accept demand deposits up to Rs 1 lakh per customer.

This question belongs to: Economy GK Economy Set 1

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