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. Bank of Calcutta

B. Bank of Madras

C. Imperial Bank of India

D. Bank of Bombay

Answer: Option C

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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Which of the following is a characteristic of the 'Splinternet' or 'Digital Fragmentation' concern?

A. The absence of any regulatory differences

B. Only the growth of a single global platform

C. The complete global harmonisation of all digital rules

D. The risk that the global internet may fragment into separate national or regional networks with incompatible rules and standards

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Correct Answer: Option D

Explanation:
Digital fragmentation (or the 'splinternet') refers to the potential balkanisation of the internet into distinct spheres governed by divergent national regulations, technical standards and platform ecosystems.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on edible oils is:

A. 18%

B. 5%

C. 12%

D. 0%

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Correct Answer: Option B

Explanation:
Edible oils attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Twelfth Five Year Plan' period was:

A. 2012-2017

B. 2017-2022

C. 2007-2012

D. 2010-2015

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Correct Answer: Option A

Explanation:
The Twelfth Five Year Plan covered 2012-2017.

This question belongs to: Economy GK Economy Set 1

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