The 'State Bank of India' was nationalized in which year? MCQ with Answer and Explanation

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The 'State Bank of India' was nationalized in which year?

A. 1949

B. 1955

C. 1969

D. 1980

Answer: Option B

Solution (By JKSSB Mock Tests)

The State Bank of India was nationalized in 1955.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a feature of the 'Covered Interest Parity' condition?

A. Only uncovered interest parity holds

B. The interest differential between two countries equals the forward premium or discount on the exchange rate

C. Interest rates are always equal across countries

D. Exchange rates are fixed

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Correct Answer: Option B

Explanation:
Covered interest parity states that the interest rate differential between two currencies equals the forward premium or discount, eliminating covered arbitrage opportunities.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on sale of land and completed buildings is:

A. 0%

B. 18%

C. exempt

D. 5%

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Correct Answer: Option C

Explanation:
Sale of land and completed buildings is not subject to GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a feature of 'Privacy-Enhancing Technologies'?

A. Only complete data anonymisation that destroys all utility

B. Only encryption without any other tools

C. Technical methods that allow data to be used while minimising the exposure of personal information

D. Technologies that maximise data collection without safeguards

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Correct Answer: Option C

Explanation:
Privacy-enhancing technologies (PETs) comprise a range of technical approaches—such as differential privacy, homomorphic encryption and secure multi-party computation—that enable data analysis while protecting individual privacy.

This question belongs to: Economy GK Economy Set 1

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