SarkariPYQ

SSC GD 2021 PYQ — Question 40

SSC GD Constable (English) - 16th November 2021 Shift 3 • General Awareness • Q40

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When was the Imperial Bank of India established?

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Correct answer: B

Explanation

The correct answer is option 2 i.e. 1921.

  • The Imperial Bank of India, which became the State Bank of India after independence, came into existence on January 27, 1921.
  • The creation of the State Bank of India in July 1955 followed the passage of the Imperial Bank of India into state ownership.
  • The nationalization of the Imperial Bank represented the culmination of a protracted debate on its role in independent India.