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SSC CPO 2019 PYQ — Question 68

SSC CPO Tier I - 11th December 2019 - Shift 1 • General Awareness • Q68

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In October 2019, RBI gave its approval to the Government of ______ to create a new bank by amalgamating the District Co-operative banks (DCBs) with its State Co-operative Bank.

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Correct answer: A

Explanation

The correct answer is Option 1 i.e. Kerala.

                        Kerala Bank
  • The Reserve Bank of India gave its approval to the Kerala government to amalgamate 13 district cooperative banks (DCBs) with the Kerala State Cooperative Bank.
  • The name of the bank after amalgamation is proposed as  “Kerala Bank”.
  • All district banks had approved the scheme of amalgamation proposed by the State government except the Malappuram District Cooperative Bank.
  • Recently, The government hospital in  Kerala has deployed a robot named ‘KARMI-Bot’ to serve COVID-19 patients.