[amp_mcq option1=”Bank of India” option2=”Bank of Baroda” option3=”Dena Bank” option4=”Imperial Bank of India” correct=”option4″]
The correct answer is: D. Imperial Bank of India
The Imperial Bank of India was a private shareholders bank, mostly by European shareholders. It was founded in 1864 by the merger of the Bank of Bombay, the Bank of Madras, and the Bank of Bengal. The bank was headquartered in London and had branches throughout India. It was the largest bank in India at the time.
The bank was nationalized in 1955 and became the State Bank of India.
The other options are incorrect because they are not private shareholders banks.
- Bank of India is a state-owned bank in India. It was founded in 1906.
- Bank of Baroda is a state-owned bank in India. It was founded in 1908.
- Dena Bank is a state-owned bank in India. It was founded in 1938.