The 'State Bank of India' was created in 1955 by amalgamating which bank? MCQ with Answer and Explanation

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The 'State Bank of India' was created in 1955 by amalgamating which bank?

A. Imperial Bank of India

B. Bank of Madras

C. Bank of Calcutta

D. Bank of Bombay

Answer: Option A

Solution (By JKSSB Mock Tests)

The State Bank of India was formed in 1955 by taking over the Imperial Bank of India.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of money supply, M3 is also known as:

A. High-powered money

B. Broad money

C. Narrow money

D. Reserve money

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Correct Answer: Option B

Explanation:
M3 is referred to as broad money and includes M1 plus time deposits with banks. Reserve money or high-powered money is the monetary base.

This question belongs to: Economy GK Economy Set 1

Question #2

The Green Revolution in India was primarily associated with:

A. horticulture

B. increasing output of pulses

C. high-yielding varieties of wheat and rice

D. organic farming

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Correct Answer: Option C

Explanation:
The Green Revolution introduced high-yielding varieties of wheat and rice.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Comptroller and Auditor General' of India submits audit reports to:

A. President

B. Prime Minister

C. RBI Governor

D. Finance Minister

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Correct Answer: Option A

Explanation:
CAG submits audit reports to the President or Governor.

This question belongs to: Economy GK Economy Set 1

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