[A] Banking Regulation Act, 1949
[B] State Bank of India Act,1955
[C] State Bank of India (Subsidiary-Banks) Act,1959
[D] Banking Companies (Acquisition and Transfer of Under-taking) Act, 1980
Correct Answer: C [State Bank of India (Subsidiary-Banks) Act,1959]
MORE QUESTIONS ABOUT INDIAN ECONOMY
8.IFSC is an alphanumeric code designed to uniquely identify the bank branches in India. This is an 11-digit code with the first four characters representing the bank’s code, the next character reserved as control character (currently, 0 appears in the fifth position) and remaining six characters to identify the branch. RBI has advised all banks to print IFSC on cheque leaves issued to customers. What is the full form for IFSC Code?
9.A monopolist will be able to maximize his profits when _________?10.Which among the following banks was designated as the Agency for operationalisation of the Joint Investment Fund between India and Oman?