In August 2019 ______ public sector banks have been merged into four banks.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 10.
In August 2019, 10 public sector banks were merged into four larger entities. This significant consolidation aimed to strengthen India's banking sector, create globally competitive banks, and improve operational efficiencies. The mergers effectively reduced the total number of public sector banks in India.