{"id":4055,"date":"2024-03-05T16:00:24","date_gmt":"2024-03-05T16:00:24","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=4055"},"modified":"2024-03-05T16:00:24","modified_gmt":"2024-03-05T16:00:24","slug":"which-bank-became-the-first-bank-to-open-its-branch-in-china","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-bank-became-the-first-bank-to-open-its-branch-in-china\/","title":{"rendered":"Which bank became the first bank to open its branch in China ?"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a96e27106700\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    IDBI Bank                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    HDFC Bank                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    State Bank of India                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Punjab National Bank                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is (c), State Bank of India.<\/p>\n<p>State Bank of India (SBI) is the largest state-owned banking and financial services company in India. It is the largest commercial bank in India by assets, deposits, branches, customers, and employees. SBI was founded in 1806 as the Bank of Calcutta, and it was renamed State Bank of India in 1955.<\/p>\n<p>SBI has a long history of operating in China. In 1988, SBI became the first Indian bank to open a branch in China. The branch was located in Shanghai, and it was <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> the first foreign bank to be granted a branch license in China.<\/p>\n<p>SBI&#8217;s branch in China has been successful in providing financial services to Indian companies operating in China. The branch has also been successful in providing financial services to Chinese <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> companies operating in India.<\/p>\n<p>In 2016, SBI announced that it would be expanding its operations in China. The bank plans to open two new branches in China, one in Beijing and one in Guangzhou. The bank also plans to increase its staff in China by 50%.<\/p>\n<p>SBI&#8217;s expansion in China is a sign of the growing economic ties between India and China. The bank&#8217;s expansion will help to facilitate trade and investment between the two countries.<\/p>\n<p>The other options are incorrect.<\/p>\n<p>(a) IDBI Bank is a private sector bank in India. It was founded in 1964. IDBI Bank does not have any branches in China.<\/p>\n<p>(b) HDFC Bank is a private sector bank in India. It was founded in 1994. HDFC Bank does not have any branches in China.<\/p>\n<p>(d) Punjab National Bank is a state-owned banking and financial services company in India. It is the second largest commercial bank in India by assets, deposits, branches, customers, and employees. PNB does not have any branches in China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which bank became the first bank to open its branch in China ?<\/title>\n<meta name=\"description\" content=\"State Bank of India (SBI) is the largest state-owned banking and financial services company in India. It is the largest commercial bank in India by assets, deposits, branches, customers, and employees. 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