Public Sector Banks

26. Who is responsible for appointing the Chairman and Managing Director of public sector banks in India?

a) Reserve Bank of India

b) Ministry of Finance

c) President of India

d) Board of Directors of the bank

27. Which public sector bank is popularly known as the “People’s Bank”?

a) Indian Overseas Bank

b) Union Bank of India

c) Bank of Baroda

d) Vijaya Bank

28. The MUDRA Yojana was launched by public sector banks to provide loans to:

a) Farmers

b) Women entrepreneurs

c) Small and medium enterprises

d) Students

29. Which public sector bank is headquartered in Mumbai?

a) Union Bank of India

b) Bank of India

c) Corporation Bank

d) Punjab & Sind Bank

30. Public sector banks in India provide services in:

a) Urban areas only

b) Rural areas only

c) Urban and rural areas

d) Metropolitan cities only