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. 1905

B. 1935

C. 1949

D. 1921

Answer: Option D

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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Question #1

The International Solar Alliance was launched by India and France to promote:

A. solar energy deployment

B. nuclear energy

C. oil trade

D. coal energy

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Correct Answer: Option A

Explanation:
The International Solar Alliance promotes solar energy deployment.

This question belongs to: Economy GK Economy Set 1

Question #2

A demat account is used for:

A. holding foreign currency

B. holding shares in electronic form

C. trading only in commodities

D. banking transactions only

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Correct Answer: Option B

Explanation:
A demat account holds securities in electronic form.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a function of the International Monetary Fund?

A. Providing only bilateral aid

B. Providing short-term financial assistance for balance of payments problems and conducting surveillance

C. Providing long-term project finance for infrastructure development

D. Regulating international trade rules

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Correct Answer: Option B

Explanation:
The IMF provides temporary financial support to countries facing balance of payments difficulties, conducts economic surveillance and offers technical assistance. Long-term project finance is the domain of the World Bank.

This question belongs to: Economy GK Economy Set 1

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