Question

The three presidency banks were amalgamated to form the ----.

• A. Reserve Bank of India
• B. State Bank of India
• C. Central Bank of India
• D. Imperial bank of India

Answer 1

Answer:

D. Imperial bank of India

Imperial Bank:

• Imperial Bank Act passed in 1930 

• These three banks were amalgamated form imperial bank of India on 27-1-1921 by passing Imperial Bank Act in 1920 

• The Imperial Bank of India also functioned as Central Bank prior to the establishment of the Reserve Bank in 1935