46. Which bank became the first public sector bank to be privatized in India after nationalization?
a) IDBI Bank
b) Punjab National Bank
d) Bank of Baroda
Answer: a) IDBI Bank
47. True or False: Nationalized banks in India offer better interest rates on deposits compared to private sector banks.
Answer: False
48. Which committee recommended the nationalization of banks in India in the early 1990s?
a) Venkataraman Committee
b) M. Narasimham Committee
c) N.K. Singh Committee
d) Raghuram Rajan Committee
Answer: b) M. Narasimham Committee
49. True or False: The nationalization of banks in India led to improved financial stability and resilience.
Answer: True
50. Which bank was the first foreign bank to be nationalized in India?
a) Grindlays Bank
b) Standard Chartered Bank
c) Bank of America
d) Hongkong and Shanghai Banking Corporation
Answer: a) Grindlays Bank
