Public Sector Banks

6. Public sector banks in India are established under the:

a) Banking Regulation Act, 1949

b) Companies Act, 1956

c) Reserve Bank of India Act, 1934

d) Foreign Exchange Management Act, 1999

7. How many public sector banks are there currently in India?

a) 20

b) 27

c) 31

d) 35

8. The first public sector bank to be nationalized in India was:

a) Bank of Baroda

b) Punjab National Bank

c) Canara Bank

d) Allahabad Bank

9. Which public sector bank is headquartered in Kolkata?

a) Bank of Maharashtra

b) Allahabad Bank

c) Central Bank of India

d) UCO Bank

10. Public sector banks in India provide financial services to:

a) Individuals only

b) Corporates only

c) Individuals and corporates

d) Foreign investors only