[amp_mcq option1=”2003″ option2=”1993″ option3=”1997″ option4=”2000″ correct=”option2″]
The correct answer is: B. 1993
The merger of New Bank of India and Punjab National Bank was announced in 1993 and completed in 1994. The merger was part of the government’s efforts to consolidate the banking sector and improve efficiency.
The merger was controversial, with some arguing that it would lead to job losses and a decline in customer service. However, the government argued that the merger would create a stronger and more competitive bank.
The merger was successful in achieving the government’s objectives. The combined bank, Punjab National Bank, is now one of the largest banks in India. It has a strong balance sheet and a wide network of branches. The merger has also led to improved efficiency and customer service.
The other options are incorrect because they do not correspond to the year in which the merger between New Bank of India and Punjab National Bank took place.